Suppose a country has private saving of $4 million, investment of $10 million, government purchases of $6 million and tax revenues of $15 million. Its current account balance is a... O a. Deficit of $6 million. O b. Surplus of $3 million. O c. Deficit of $9 million. O d. Surplus of $15 million. O e. Surplus of $9 million

Suppose a country has private saving of $4 million, investment of $10 million, government purchases of $6 million and tax revenues of $15 million. Its current account balance is a... O a. Deficit of $6 million. O b. Surplus of $3 million. O c. Deficit of $9 million. O d. Surplus of $15 million. O e. Surplus of $9 million

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 2SCQ: Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000....

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