Samuel Gompers and others like him supported the system called capitalism, in which a.
the government could decide how many hours a week a person could work.
b.
the government or the workers own and operate a nation’s means of production.
c.
private businesses run most industries, and competition determines how much goods cost and how much workers are paid.
d.
all workers must join a factory’s union.

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?