Multiple Choice
Scenario 26-1.Assume the following information for an imaginary,closed economy.
GDP = $100,000;taxes = $22,000;government purchases = $25,000;national
saving = $15,000.
-Refer to Scenario 26-1.This economy's government is running a
A) budget surplus of $3,000.
B) budget surplus of $12,000.
C) budget deficit of $3,000.
D) budget deficit of $12,000.
Correct Answer:
Verified
Correct Answer:
Verified
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