Services purchased by the government of numidia

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Reference no: EM139133

Q1. The country of Numidia does not trade with any other country. Its GDP is 20 billion. Its government collects 4 billion in taxes and pays out 3 billion to households in the form of transfer payments. Consumption equals 15 billion, and investment equals 2 billion. Illustrate what is the value of goods and services purchased by the government of Numidia?

Q2. Assume which coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2007, and sell 240 million pounds for $3 per pound in 2008. Based on this information we can conclude?

Reference no: EM139133

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