The table above gives some of the entries in the national income and product accounts. The government sector has a ________, and the private sector has a ________
A) surplus of $50 billion; surplus of $25 billion
B) deficit of $50 billion; surplus of $25 billion
C) surplus of $50 billion; deficit of $25 billion
D) deficit of $50 billion; deficit of $25 billion
A
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In year 2000 dollars, per pupil expenditures on education in the United States in 1940 was around _____
a. $500 b. $1000 c. $2000 d. $4000
This table shows the demand and supply schedule of a good.
According to the table shown, the equilibrium in this market will occur at:
A. a price of $1.50 and a quantity of 62.
B. a price of $1.50 and a quantity of 31.
C. a price of $0.00 and a quantity of 75.
D. Cannot be determined without more information
Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.
a. true b. false
Causality is clear and mechanical with the quantity theory of money. If M increases because:
A. V and Q are variable, the price level, P, increases. B. V and Q are variable, the price level, P, decreases. C. V and Q are constant, the price level, P, increases. D. V and Q are constant, the price level, P, decreases.