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Social Studies, 22.01.2020 21:31, hannahroswall1
Actions in one part of the country or world that have an economic impact on what happens elsewhere are examples of . opportunity costs. c. specialization. b. trade-offs. d. economic interdependence.
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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?
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