Business, 30.10.2019 02:31 abby2572

In a small, closed economy, national income (gdp) is $500 million for the current quarter. individuals have spent $300 million on the consumption of goods and services. they have paid a total of $200 million in taxes and the government has spent $150 million on goods and services this quarter. use this information and the national income identity to answer the questions. how much does the economy spend on investment? i= million dollars what is national saving in the economy? s= million dollars how are investment and national saving related in an economy like this? investment and national saving are unrelated. investment is a component of national saving. national saving is always less than investment. national saving equals investment.

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In a small, closed economy, national income (gdp) is $500 million for the current quarter. individua...

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