Business, 23.11.2019 01:31 melaniem50

In an open economy the gdp is $12 trillion this year. consumption is $8 trillion, and government spending is $2 trillion. taxes are $0.5 trillion. exports are $1 trillion, and imports are $3 trillion.4.(scenario: open economy s = i) what is the government budget balance?
a)a surplus of $1.5 trillion
b)a deficit of $1.5 trillion
c)a deficit of $0.5 trilli

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In an open economy the gdp is $12 trillion this year. consumption is $8 trillion, and government spe...

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