Author Question: Suppose Country A had net taxes of 30 million and government expenditures of 35 million. In ... (Read 77 times)

darbym82 · **on:** Jun 29, 2018

Suppose Country A had net taxes of 30 million and government expenditures of 35 million. In addition, household saving in Country A totaled 5 million while consumption was 80 million.

The government of Country A is running a budget ________ and national saving is ________ million. A) surplus; 5
B) deficit; -5
C) deficit; 0
D) surplus; 25

Question 2

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is

A) 53.3 percent.
B) 65.2 percent.
C) 46.7 percent.
D) 87.5 percent.