Author Question: Refer to the scenario above. What is the national income of the economy? A) 7,000 B) 10,000 C) ... (Read 61 times)

jeatrice · **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.

millet · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

D

jeatrice · **Reply 2 on:** Jun 30, 2018

Excellent

ashely1112

TYSM

Author Question: Refer to the scenario above. What is the national income of the economy? A) 7,000 B) 10,000 C) ... (Read 61 times)

jeatrice

Refer to the scenario above. What is the national income of the economy? A) 7,000 B) 10,000 C) ...

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millet

Refer to the scenario above. What is the national income of the economy? A) 7,000 B) 10,000 C) ...

jeatrice

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