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The economy depicted in this data table is closed, with no international trade of any kind. Government spending $50 billion Government transfer payments $30 billion
The economy depicted in this data table is closed, with no international trade of any kind. Government spending $50 billion Government transfer payments $30 billion Tax revenues $40 billion Capital investments $10 billion Based on the data, which of the following statements must be true? (2 points) The government doesn't have to borrow in the loanable funds market, as it is running a balanced budget. The government doesn't have to borrow in the loanable funds market, as it is operating with a budget surplus. The government has to borrow in the loanable funds market to finance its budget deficit. The government has to borrow in the loanable funds market to increase its future revenue. The government expenditure is equal to the amount of revenue collected from taxation
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