If planned aggregate expenditures are $400 billion, consumption is $120 billion, investment is $60 billion, government spending is $70 billion, there is a

A. trade balance.
B. trade surplus of $250 billion.
C. trade deficit of $650 billion.
D. trade surplus of $150 billion.

Answer: D

Economics

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Explain what the free market will do if exchange rates end up in the "right ranges."

What will be an ideal response?

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Accounting profits are total revenues minus

A. explicit costs and all other relevant opportunity costs. B. explicit costs. C. explicit and implicit costs. D. all relevant opportunity costs.

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