You Have Some Estimates of National Accounts Numbers for a Closed

Multiple Choice

You have some estimates of national accounts numbers for a closed economy for the coming year.Under one set of expectations,government purchases will be $30 billion,transfer payments will be $10 billion,and taxes will be $45 billion.Under another set of expectations,GDP will be $200 billion,taxes will be $50 billion,transfer payments will be $20 billion,consumption will be $120 million,and investment will be $40 billion.Based on these numbers in the first case there should be a

A) $15 billion surplus,and in the second case a $10 billion surplus.
B) $15 billion surplus,and in the second case a $30 billion deficit.
C) $5 billion surplus,and in the second case a $10 billion deficit.
D) $5 billion surplus,and in the second case a $30 billion deficit.