In Econland exports equal 15 percent of total output, while imports equal 20 percent of total output. Econland has a:
A) budget surplus.
B) budget deficit.
C) trade surplus.
D) trade deficit.
Correct Answer:
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Q67: In Econland exports equal 25 percent of total
Q68: A trade deficit occurs when:
A)government spending exceeds
Q69: Before 1970 the United States generally had
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A)falls
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Q73: A trade imbalance occurs when:
A)exports from and
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Q75: Major macroeconomic questions include all of the
Q76: The unemployment rate is the:
A)number of workers
Q77: If its exports are greater than its
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