Scenario 18-2.Assume the following information for an imaginary,closed economy.
GDP = $200,000; consumption = $120,000;
government purchases = $35,000; and taxes = $25,000.
-Refer to Scenario 18-2.For this economy,public saving is equal to
A) $-10,000 and the government is running a budget deficit of $10,000.
B) $-10,000 and the government is running a budget surplus of $10,000.
C) $10,000 and the government is running a budget deficit of $10,000.
D) $10,000 and the government is running a budget surplus of $10,000.
Correct Answer:
Verified
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