In 2024, Country A has net taxes of $30 million and government expenditures of $35 million, while private saving is $5 million and consumption expenditure is $80 million. In Country A, is the government's budget a surplus or a deficit? What is national saving?

Question

Answer

a budget surplus and national saving is $25 million

Answer

a budget deficit and national saving is $5 million

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a budget deficit and national saving is -$5 million

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a budget deficit and national saving is zero

Answer

a budget surplus and national saving is $5 million

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In 2024, Country A has net taxes of $30 million and government expenditures of $...

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