In the current year, a nation's government spending equals 15 ...

[Arii_bell]

In the current year, a nation's government spending equals 15 trillion and its revenues are 20 trillion. Which of the following is TRUE?
 
  A) The nation's national debt equals 5 trillion.
  B) This nation has a current year budget surplus of 5 trillion.
  C) This nation is currently running a budget deficit of 5 trillion.
  D) The nation has a current year trade surplus of 5 trillion.

Question 2

An increase in growth rates will cause the production possibilities curve to
 
  A) shift inward.
  B) become steeper.
  C) become flatter.
  D) shift outward.

[princessflame2016]

Answer to Question 1

B

Answer to Question 2

D

[Arii_bell]

Thank you

[princessflame2016]

Happy to help you