Use the information below to answer the following questions.
Fact 25.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settlements balance is zero.

-Refer to Fact 25.4.1.What is the value of the private sector deficit or surplus?
A)zero
B)-3 billion turkies
C)-1 billion turkies
D)-2 billion turkies
E)+1 billion turkies

Question

Use the information below to answer the following questions.
Fact 25.4.1
You are given the following information about the country of Ecoland, whose currency is the turkey, and whose official settlements balance is zero.
 
-Refer to Fact 25.4.1.What is the value of the private sector deficit or surplus?
A)zero 
B)-3 billion turkies 
C)-1 billion turkies 
D)-2 billion turkies 
E)+1 billion turkies

Quizplus · Accepted Answer

The private sector deficit or surplus is calculated by subtracting the sum of the government deficit and the foreign sector surplus from the total economy. Given the context, the correct calculation results in a private sector surplus of -1 billion turkies.

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