Consumption and government expenditures on goods


The country of Meditor uses the merit as its currency. Recent national income statistics showed that it had GDP of $700 million merits, no government transfer payments, taxes of $210 million merits, a budget surplus of $60 billion merits, and investment of $100 billion merits. What were its consumption and government expenditures on goods and services?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Consumption and government expenditures on goods
Reference No:- TGS062964

Expected delivery within 24 Hours