Suppose the government has a budget surplus. Then
A) private saving is less than investment and government saving is positive.
B) private saving is greater than investment and government saving is positive.
C) private saving is greater than investment and government saving is negative.
D) private saving is equal to investment.
E) private investment is greater than the sum of government saving and private saving.
A
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Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she often spends her time playing online games, which adversely affects the quality of her work
a) What is the term used to refer to such behavior? b) What is the solution to this problem? Explain your answer.
If the real GDP in 2003 is $12,400 billion and the implicit price deflator is 1.4, what is the value of nominal GDP in 2003?
A. approximately $886 billion. B. approximately $8,857 billion. C. approximately $15,427 billion. D. $17,360 billion.