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-Using the Data in the Above Table,if Net Exports =

Question 98

Multiple Choice

 Item  Billions of  dollars  Exports of goods and services, X Imports of goods and services, M1,000 Net taxes, T Government expenditure, G1,300 Saving, S Investment, I650\begin{array} { | l | c | } \hline { \text { Item } } & \begin{array} { c } \text { Billions of } \\\text { dollars }\end{array} \\\hline \text { Exports of goods and services, } X & \\\hline \text { Imports of goods and services, } M & 1,000 \\\hline \text { Net taxes, } T & \\\hline \text { Government expenditure, } G & 1,300 \\\hline \text { Saving, } S & \\\hline \text { Investment, } I & 650 \\\hline\end{array}
-Using the data in the above table,if net exports = -$500 billion and the government balances its budget,


A) the private sector must balance its budget.
B) savings must equal $150 billion.
C) the private sector runs a surplus of $850 billion.
D) saving must equal $650 billion.

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