In a small, closed economy, national income (GDP) is $350.00 million for the current quarter. Individuals have spent $100.00 million on the consumption of goods and services. They have paid a total of $60.00 million in taxes, and the government has spent $75.00 million on goods and services this quarter. Use this information and the national income identity to answer the questions. How much is spent on investment in this economy?
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Home » Business » In a small, closed economy, national income (GDP) is $350.00 million for the current quarter. Individuals have spent $100.00 million on the consumption of goods and services. They have paid a total of $60.