-Using the Data in the Above Table, If Exports =

$$\begin{array} { | l | l | } \hline \text { Item } & \begin{array} { l } \text { Billions of } \\\text { dollars }\end{array} \\\hline \text { Exp orts of goods and services, } X & \\\hline \text { Imports of goods and services, } M & 1,000 \\\hline \text { Net taxes, } T & \\\hline \text { Government exp enditure, } G & 1,300 \\\hline \text { Saving, } S & \\\hline \text { Investment, } I & 650 \\\hline\end{array}$$
-Using the data in the above table, if exports = $1,150 billion and the private sector runs a surplus of
$300 billion, the government sector will run

A) a surplus of $450 billion.
B) a deficit of $450 billion.
C) a deficit of $150 billion.
D) a surplus of $150 billion.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free