In 2014, Country A has net taxes of $30 million and government expenditures of $35 million. Private saving in Country A is $5 million and consumption expenditure is $80 million. The government of Country A is running a budget ________ and national saving is ________.
A)surplus; $5 million
B)deficit; -$5 million
C)deficit; $5 million
D)surplus; $25 million
E)deficit; zero

Question

Quizplus · Accepted Answer

The Answer of In 2014, Country A has net taxes of $30 million and government expenditures of $35 million. Private saving in Country A is $5 million and consumption expenditure is $80 million. The government of Country A is running a budget ________ and national saving is ________.
A)surplus; $5 million
B)deficit; -$5 million
C)deficit; $5 million
D)surplus; $25 million
E)deficit; zero

In 2014, Country a Has Net Taxes of $30 Million