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In 2015, Country X has net taxes of $30 million and government expenditures of $35million. Private saving in Country A is $5 million, and consumption
In 2015, Country X has net taxes of $30 million and government expenditures of $35million. Private saving in Country A is $5 million, and consumption expenditure is $80 million. The government of Country X is running a budget ________, and national saving is ________.
a.surplus; $5 million
b.deficit; -$5 million
c.deficit; $5 million
d.surplus; $25 million
e.deficit; zero
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