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Author Question: If a country's exports are worth 5 billion and its imports are worth 3.9 billion, the country ... (Read 98 times)

faduma

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on: Jun 30, 2018
If a country's exports are worth 5 billion and its imports are worth 3.9 billion, the country experiences a ________.
 
  A) trade surplus B) budget deficit C) trade deficit D) budget surplus

Question 2

The identity stating that the total amount spent on final output equals the amount received for final output is known as the
 
  A) equation of exchange. B) circular flow identity.
  C) identity equation. D) fundamental law of economics.


dyrone

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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