Question 1
If planned aggregate expenditures are $150 billion, consumption is $50 billion, investment is $30 billion, government spending is $40 billion, there is a
◦ trade surplus of $270 billion.
◦ trade surplus of $30 billion.
◦ trade deficit of $120 billion.
◦ trade balance.
Question 2
If planned aggregate expenditures are $150 billion, consumption is $60 billion, investment is $55 billion, government spending is $35 billion, there is a
◦ trade surplus of $150 billion.
◦ trade surplus of $300 billion.
◦ trade deficit of $150 billion.
◦ trade balance.