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

Another question on Business

Business, 22.06.2019 04:50

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Answers: 1

Answer

Business, 22.06.2019 13:40

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Answers: 2

Answer

Business, 22.06.2019 17:30

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?

Answers: 1

Answer

Business, 22.06.2019 22:00

Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.

Answers: 3

Answer

You know the right answer?

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

Questions