27. A FEW COUNTIRES IN ASIA, AFRICA AND SOUTH AMERICA ARE TRADITIONAL ECONOMIES, WHICH IS A FEATURE OF A TRADITIONAL
ECONOMY?
A. CENTRALIZED ECONOMIC PLANNING
O B. COMPLETE GOVERNMENT CONTROL
C, OWNERSHIP THROUGH INHERITANCE
D. ALL OF THE ABOVE
O Option 3

In a small, closed economy, national income (gdp) is $350 million for the current year. individuals have spent $100 million on the consumption of goods and services. they have paid a total of $60 million in taxes and the government has spent $75 million on goods and services this year. use this information and the national income identity to answer the questions. how much does the economy spend on investment?