Business, 18.06.2021 02:10 delaneyjane2035

In a small, closed economy national income (GDP) is $600.00 million for the current quarter. Individuals have spent $250.00 million on the consumption of goods and services. They have paid a total of $100.00 million in taxes and the government has spent $200.00 million on goods and services this quarter. Use this information and the national income identity to answer the following questions. 1. How much does the economy spend on investment? Number 75 million dollars Incorrect. How can the national income 2. What is national saving in the economy? identity, GDP-C+l+G, be used to find investment? Number 75 million dollars
3. How are investment and national saving related in an economy like this?
National saving is always less than investment
Investment is a component of national saving.
They are unrelated.
National saving equals investment.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:00, crobinson7206

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Answers: 3

continue

Business, 22.06.2019 11:40, Josias13

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Answers: 2

continue

Business, 22.06.2019 19:00, RoyalGurl01

Describe how to write a main idea expressed as a bottom-line statement

Answers: 3

continue

Business, 22.06.2019 21:30, marlenerojas201

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?

Answers: 1

continue

You know the right answer?

In a small, closed economy national income (GDP) is $600.00 million for the current quarter. Individ...