Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $16 million in a given year. The current account balance for this country is a OA deficit of $6 million OB. surplus of $6 million OC. deficit of $1 million OD surplus of $1 milion
Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $16 million in a given year. The current account balance for this country is a OA deficit of $6 million OB. surplus of $6 million OC. deficit of $1 million OD surplus of $1 milion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $15 million in a given year. The current account balance
for this country is a
OA deficit of $6 million
OB. surplus of $6 million.
OC. deficit of $1 million.
OD. surplus of $1 million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F927937d8-23cb-436d-94b7-4c04c1357374%2F2933207f-90eb-4ac9-982e-17fc260e0189%2F277jif8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $15 million in a given year. The current account balance
for this country is a
OA deficit of $6 million
OB. surplus of $6 million.
OC. deficit of $1 million.
OD. surplus of $1 million
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