Economics 9708 · AS & A Level · Aggregate demand and aggregate supply

Aggregate demand and aggregate supply — practice question

In an open economy that includes a government sector, the economy is at equilibrium. Households in this economy save $100 million, and firms devote $150 million to investment. Which combination of the budget balance and the current account balance would produce an equilibrium position in the circular flow of income?

  • Acurrent account balance: $50m deficit; budget balance: $100m deficit
  • Bcurrent account balance: $50m surplus; budget balance: $100m deficit
  • Ccurrent account balance: $50m deficit; budget balance: $100m surplus
  • Dcurrent account balance: $50m surplus; budget balance: $100m surplus

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