In many cultures, boys are required to engage in violent rituals and sometimes in bloodletting of various kinds. however, due to some of these rituals have declined in frequency, or have even disappeared.

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?