Which of the following best explains why parliament repealed the stamp act in 1766? parliament agreed with the american colonists that the act was unfair. colonial legislators were threatening to impose their own taxes. colonists’ boycotts of british goods were hurting british trade. the british passed the declaratory act, which replaced it with a heavier tax.

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?