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?

Which of these best describes why president franklin d. roosevelt created the new deal?

How important is it to have a powerful army and navy? give two reasons for your answer

Congress is controlled by the democrats. president yaeger, a republican, takes several actions that are opposed by the democrats in congress. first, the president introduces a new budget that cuts most of the government's social programs and gives tax breaks to the wealthy. next, president yaeger negotiates a trade treaty with a nation accused of human rights abuses. then, the president gives pardons to three republican senators who have been convicted of crimes.