If the government sector is running a deficit of $120 million and the private sector is running a surplus of $200 million, then net exports equal
A) $80 million surplus.
B) $320 million surplus.
C) $80 million deficit.
D) $320 million deficit.
A
Economics
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Relative to a competitive labor market, monopsony
A) is also efficient. B) creates a deadweight loss because it pays an excessive wage. C) creates a deadweight loss because the wage is below the marginal revenue product of labor. D) creates a deadweight loss because the wage is above the marginal revenue product of labor.
Economics
Critics of supply-side economics argue that
A. tax cuts do not affect supply, only demand. B. supply-siders exaggerate the effects of tax cuts. C. incentives have no effect on behavior. D. the goals of supply-siders are not supported by most economists.
Economics