Use some of the information below to determine which statement is TRUE Corporate profits: 45 Depreciation: 28 Exports: 100 Government Purchases of Goods and Services: 320 Government Transfer Payments: 255 Gross Private Domestic Investment: 160 Imports: 119 (Net) Indirect Business Taxes: 7 Net Factor Payments to Rest of World: 25 Personal Consumption Expenditures: 626 Total government tax and fee revenue: 368 Wages and Salaries: 829 The trade deficit is 19 The trade deficit is 12 The trade deficit is 20 The trade surplus is 58 The trade surplus is 24

Use some of the information below to determine which statement is TRUE Corporate profits: 45 Depreciation: 28 Exports: 100 Government Purchases of Goods and Services: 320 Government Transfer Payments: 255 Gross Private Domestic Investment: 160 Imports: 119 (Net) Indirect Business Taxes: 7 Net Factor Payments to Rest of World: 25 Personal Consumption Expenditures: 626 Total government tax and fee revenue: 368 Wages and Salaries: 829 The trade deficit is 19 The trade deficit is 12 The trade deficit is 20 The trade surplus is 58 The trade surplus is 24

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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