The country of Nemedia does not trade with any other country.Its GDP is $30 billion.Its government purchases $5 billion worth of goods and services each year,collects $7 billion in taxes,and provides $3 billion in transfer payments to households.Private saving in Nemedia is $5 billion.What is consumption and investment in Nemedia?
A) $18 billion and $5 billion
B) $21 billion and $4 billion
C) $13 billion and $7 billion
D) There is not enough information to answer the question.
Correct Answer:
Verified
Q14: The Eye of Horus incense company has
Q59: Other things the same, when the interest
Q145: Suppose the market for loanable funds is
Q146: Supposing equilibrium in the loanable funds market
Q147: Which of the following is not always
Q150: The country of Aquolina does not trade
Q151: Larry buys stock in A to Z
Q199: The slope of the demand for loanable
Q237: If the tax revenue of the federal
Q249: The country of Hykenia does not trade
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents