Multiple Choice
Suppose Country A had net taxes of $30 million and government expenditures of $35 million. In addition, household saving in Country A totaled $5 million while consumption was $80 million. The government of Country A is running a budget ________ and national saving is ________ million.
A) surplus; $5
B) deficit; -$5
C) deficit; $0
D) surplus; $25
Correct Answer:
Verified
Correct Answer:
Verified
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