Let’s think about two countries, frugal and smart. in frugal, people devote 50% of gdp to making new investment goods, so =0.5, and their production function is =k‾‾√. in smart, people devote 25% of gdp to making new investment goods, so =0.25 and their production function is =2k‾‾√. both countries start off with k=100.a. what is the amount of investment in each country this year? investment, frugal: investment, smart: b. what is the amount of consumption (gdp−investment, or − ) in each country this year? consumption, frugal=consumption, smart=c. where would you rather be a citizen: frugal or smart? a)frugalb)there is no appreciable difference between the two countries. c)smart

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.