Solved

An Economy in Which GDP = 900,C = 600,T =

Question 27

Multiple Choice

An economy in which GDP = 900,C = 600,T = 100,I = 100,G = 300,and there is no net income on foreign accounts must have


A) exports equal to imports
B) saving in excess of investment by 200
C) a capital account deficit of 200
D) net exports of 100
E) a current account deficit of 100

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents