Multiple Choice
Suppose that in a closed economy GDP is 11,000,consumption is 7,500,and taxes are 500.What value of government purchases would make national savings equal to 2,000 and at that value would the government have a deficit or surplus?
A) 1,500,deficit
B) 1,500,surplus
C) 1,000,deficit
D) 1,000,surplus
Correct Answer:
Verified
Correct Answer:
Verified
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