Refer to the scenario above. What is the national income of the ...

[jeatrice]

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.

[millet]

Answer to Question 1

A

Answer to Question 2

D

[jeatrice]

Gracias!

[Alyson.hiatt@yahoo.com]

Great answer, keep it coming