Suppose that a country's government expenditures are $500 billion, net taxes are $400 billion, saving is $200 billion, and investment is $250 billion. The country has a government budget
A) surplus and a private sector surplus.
B) surplus and a private sector deficit.
C) deficit and a private sector surplus.
D) deficit and a private sector deficit.
E) surplus and a private sector balance.
Correct Answer:
Verified
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