When a government records a budget surplus, the national savings and investment identity is written as:
A. S = I + (G – T) + (X – M)
B. S + (M – X) + (T – G) = I
C. S – (G – T) = I – (X – M)
D. S + (T – G) = 1 + (X – M)
Answer:B
When a government records a budget surplus, the national savings and investment identity is written as:
A. S = I + (G – T) + (X – M) B. S + (M – X) + (T – G) = I C. S – (G – T) = I – (X – M) D. S + (T – G) = 1 + (X – M)
Explanation: Type: Multiple Choice