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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 68
The great country of Naboombu has private savings of $700 billion, investment of $800 bilion, tax revenue of $5s00 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 (respectively)?
the trade balance is $50 billion, the country has a trade surplus, and the country is a net borrower internationally
O the trade balance is S-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
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