If an economy has a budget surplus of 400, private savings of 1,200, and investment of 1,600, what will the balance of trade in this economy equal?
A. 0
B. deficit of 1,600
C. deficit of 1,200
D. deficit of 400
Answer:A
If an economy has a budget surplus of 400, private savings of 1,200, and investment of 1,600, what will the balance of trade in this economy equal?
A. 0 B. deficit of 1,600 C. deficit of 1,200 D. deficit of 400
Explanation: Type: Multiple Choice