Business
Business, 21.02.2020 01:44, xsong3938

Consider three different closed economies with the following national income statistics. Country A has taxes of $40 billion, transfers of $20 billio, and government expend tures on goods and services of $30 billion. County B has private savings of $60 billion and investment expenditures of $40 billion. Country C has GDP of S300 billion, vestment of S90, consumption of $180 billion, taxes of $60 billion and transfers of $20 bllio From this information, we know that A country A has the largest government budget deficit. B country B has the largest go vernment budget deficit C country C has the largest government budget deficit. D The government budget deficit is equal in all three countries.

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Consider three different closed economies with the following national income statistics. Country A h...

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