Author Question: Refer to the scenario above. Based on this information, it can be concluded that ________. A) ... (Read 54 times)

shenderson6 · **on:** Jun 30, 2018

Refer to the scenario above. Based on this information, it can be concluded that ________.

A) Plutoland experienced a current account surplus during that year
B) Plutoland experienced a current account deficit during that year
C) Earthland ran a current account deficit during that year
D) Earthland and Plutoland should stop trading with each other

Question 2

Suppose the government has a 180 billion budget deficit. If the government creates 95 billion of new money to finance this deficit and finances the rest by borrowing, the amount borrowed from the public will be

A) 85 billion. B) 95 billion. C) 180 billion. D) 275 billion.