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Question
In the current year, a nationʹs government spending equals $1.5 trillion and its revenues are $1.9 trillion. Which of the following is true?
A) The nationʹs national debt equals $0.4 trillion.
B) This nation has a current year budget surplus of $0.4 trillion.
C) This nation is currently running a budget deficit of $0.4 trillion.
D) The nation has a current year trade surplus of $0.4 trillion.
Answer
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