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    Exam 14: Deficit Spending and the Public Debt
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    A Trade Surplus Occurs When
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A Trade Surplus Occurs When

Question 118

Question 118

Multiple Choice

A trade surplus occurs when


A) the value of imports is less than the value of exports.
B) government spending is less than total tax revenue.
C) consumption is greater than disposable income.
D) none of the above.

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