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Author Question: Refer to the scenario above. What is the national income of the economy? A) 7,000 B) 10,000 C) ... (Read 19 times)

jeatrice

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on: Jun 30, 2018
Refer to the scenario above. What is the national income of the economy?
 
  A) 7,000 B) 10,000 C) 2,000 D) 5,000

Question 2

In a closed economy:
 
  A) consumption is equal to zero. B) investment is equal to zero.
  C) government spending is equal to zero. D) net exports is equal to zero.
 
  In a closed economy, without the government, the consumption expenditure equals 5,000 and the investment expenditure equals 2,000.


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millet

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


jeatrice

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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