(05.04 MC) The sum of government purchases and transfer paym…

(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?

(04.07 MC) Use the data table to answer the question that fo…

(04.07 MC) Use the data table to answer the question that follows. GDP $20 billion Household consumption $12 billion Government tax revenue $4 billion Government spending $5 billion Net exports $0 Based on the data table, what would be the national savings for this economy?