The government of Lithasia ran a budget deficit of $60,000 in 2014. If the tax revenue of the Lithasian government in 2014 was $320,000,000, how much did the government spend in that year?

Inflation over time necessarily makes consumers worse off

Indicate whether the statement is true or false

Which of the following is excluded in the current account?

a. Goods exports. b. Goods imports. c. Capital inflow and outflow. d. Net unilateral transfers.