If an economy has a budget deficit of 600, private savings of 2,000, and investment of 800. What is the balance of trade in this economy?
A. deficit of 600
B. deficit of 2000
C. surplus of 2000
D. surplus of 600
Answer:D
If an economy has a budget deficit of 600, private savings of 2,000, and investment of 800. What is the balance of trade in this economy?
A. deficit of 600 B. deficit of 2000 C. surplus of 2000 D. surplus of 600
Explanation: Type: Multiple Choice