The great country of Naboombu has private savings of $700 billion, investment of $800 billion, tax revenue of $500 billion, and ment expenditures of $350 billion. What is the trade balance, does the country have a trade surplus or deficit, and is the net lender or borrower international (respectivelyl? the trade balance is $50 billion, the country has a trade surplus, and the country is a net borrower internationally the trade balance is $-150 billion, the country has a trade deficit, and the country is a net lender internationally the trade balance is $50 billion, the country has a trade surplus, and the country is a net lender internationally x the trade balance is $-50 billion, the country has a trade deficit. and the country is a net borrower internationally

The great country of Naboombu has private savings of $700 billion, investment of $800 billion, tax revenue of $500 billion, and ment expenditures of $350 billion. What is the trade balance, does the country have a trade surplus or deficit, and is the net lender or borrower international (respectivelyl? the trade balance is $50 billion, the country has a trade surplus, and the country is a net borrower internationally the trade balance is $-150 billion, the country has a trade deficit, and the country is a net lender internationally the trade balance is $50 billion, the country has a trade surplus, and the country is a net lender internationally x the trade balance is $-50 billion, the country has a trade deficit. and the country is a net borrower internationally

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer and Breif explantion
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