How much is spent on investment in this economy

Reference no: EM133707512

Question: In a small, closed economy, national income (GDP) is $600.00 million for the current year. 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 year. Use this information and the national income identity to answer the questions. How much is spent on investment in this economy? investment: $ million What is national saving in this economy? saving: $ million How are investment and national saving related in an economy like this?

Reference no: EM133707512

Questions Cloud

How much was added to gdp : The wholesaler sells the shirts to a retailer in Mexico that sells the shirts for $1,000,000. How much was added to GDP

Why did stay out of world war i between 1914 and 1917 : Why did the United States stay out of World War I between 1914 and 1917? For what reasons did this stance change?

Can you think of ways in which we are also gaining increased : Can you think of ways in which we are also gaining increased control? Can you think of a way in which more control over media can be a bad thing?

What are michael moores main arguments in the film : What are Michael Moore's main arguments in the film? What are some examples he gives in the film to support his main arguments?

How much is spent on investment in this economy : How much is spent on investment in this economy? investment: $ million What is national saving in this economy? saving: $ million How are investment

Contributing to personal development : Contributing to personal development, one of the functions of leisure, can be considered the process where leisure enriches the quality

Consumer income and quantity demanded price : Consumer income and quantity demanded price and production costs price and quantity demanded

Describe the characteristics of the sambo : Describe the characteristics of "the Sambo?" What were the social relations (what was happening in that society) that gave rise to such a stereotype?

Choosing to be labour-intensive at all times : Process that minimizes costs selecting the most efficient process of production given the price of each unit of output using a balanced mix of inputs choosing

User Account

All Pages