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Business, 18.04.2020 02:00 LtotheJ0225

In examining the national income accounts of the closed economy of Nepotocracy you see that this year it had taxes of $100 billion, transfers of $20 billion, and government purchases of goods and services of $70 billion. You also notice that last year it had private saving of $70 billion and investment of $50 billion. In which year did Nepotocracy have a budget deficit of $20 billion?
A. this year but not last year
B. last year but not this year
C. neither this year nor last year
D. this year and last year

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