If private domestic saving exceeds private domestic investment by $220 billion and government spending exceeds tax revenue by $340 billionl then A)...
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28. If private domestic saving exceeds private domestic investment by $220 billion and government spending exceeds tax revenue by $340 billion, then

A) the trade deficit is $560 billion B) the trade surplus is $560 billion C) the trade deficit is $120 billion D) the trade surplus is $120 billion E) the trade deficit is $340 billion Ans: C
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