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 $150 billion.
B) a surplus of $450 billion.
C) a deficit of $150 billion.
D) a deficit of $450 billion.
C
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The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________
A) causing an upward spike in the real interest rate B) reducing autonomous spending by households and businesses C) reducing government spending on high-tech equipment D) all of the above E) none of the above
Refer to the above figure. At a price of $2 per gallon, the quantity demanded of gasoline is
A) 80,000 gallons per month. B) 100,000 gallons per month. C) 60,000 gallons per month. D) 140,000 gallons per month.
The requirement that New York City taxi drivers own a "medallion" in order to operate a taxi in the city reduces competition and raises the fares that customers pay
a. True b. False
The U.S. Postal Service enjoys a monopoly position because of patent rights.
Answer the following statement true (T) or false (F)