If an economy has a budget surplus of 1,500, private savings of 3,000, and investment of 5,000, what will the balance of trade in this economy equal?
A. deficit of 500
B. surplus of 500
C. surplus of 1,500
D. deficit of 1,500
Answer:B
If an economy has a budget surplus of 1,500, private savings of 3,000, and investment of 5,000, what will the balance of trade in this economy equal?
A. deficit of 500 B. surplus of 500 C. surplus of 1,500 D. deficit of 1,500
Explanation: Type: Multiple Choice