Multiple Choice
In 2014, Country A has net taxes of $30 million and government expenditures of $35 million. Private saving in Country A is $5 million and consumption expenditure is $80 million. The government of Country A is running a budget ________ and national saving is ________.
A) surplus; $5 million
B) deficit; -$5 million
C) deficit; $5 million
D) surplus; $25 million
E) deficit; zero
Correct Answer:
Verified
Correct Answer:
Verified
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