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The principle of checks and balances is based on the notion that

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?

Say a certain manufacturing industry has 63.1 thousand jobs in 2008, but is expected to decline at an average annual rate of 1.7 thousand jobs per year from 2008 to 2018. assuming this holds true, what will be this industry’s percent change from 2008 to 2018? a. 70% b. -27% c. -17% d. -75%