1. If a country's economic data show private savings of $260 million, government spending of $145 million, tax revenue of $195 million, and a trade surplus of $216 million, then what does private investment (I) equal?

Group of answer choices

A. $216 million

B. $94 million

C. $166 million

D. $260 million

2. In Japan one person can produce 330 pounds of rice or 340 shirts in one year. In Thailand one person can produce 600 pounds of rice or 200 shirts in one year. Which of the following statements is true? Group of answer choices

A. Japan has a comparative advantage in the production of rice.

B. Thailand has an absolute advantage in the production of shirts

C. Japan has a comparative advantage in the production of shirts.

D. Thailand has a comparative advantage in the production of shirts.

3. As the government budget deficit increases, the resulting rise in government borrowing will cause the interest rate to _____. Group of answer choices

A. increase

B. remain unchanged

C. lose relevancy

D. decrease

4.If the state of Washington's government collects $78 billion in tax revenues in 2015 and total spending in the same year is $71 billion, the result will be a _____. Group of answer choices

A. balanced budget

B. budget surplus

C. budget deficit

D. untaxable budget