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Author Question: In the current year, a nation's government spending equals 15 trillion and its revenues are 20 ... (Read 101 times)

Arii_bell

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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Arii_bell

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Reply #2 on: Jun 29, 2018
Thank you :)


princessflame2016

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Reply #3 on: Jun 29, 2018
Happy to help you


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