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Consider the scenario, where private domestic saving exceeds private domestic investment by INR 220 billion and government spending exceeds tax revenue by INR 340 billion, then
a. the trade surplus is INR 120 billion
⁠b. the trade deficit is INR 120 billion
⁠c. the trade deficit is INR 560 billion
⁠d. the trade surplus is INR 560 billion



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