The Country of Meritor Uses the Merit as Its Currency

question 177

Multiple Choice

The country of Meritor uses the merit as its currency.Recent national income statistics shows that it has GDP of 700 million merits,no government transfer payments,taxes of 210 million merits,a budget surplus of 60 million merits,and investment of 200 million merits.What is the sum of its consumption and government expenditures?

• A) 470 million merits
• B) 490 million merits
• C) 500 million merits
• D) 560 million merits

---

Definitions:

Supranational Law

International law that limits the rights of sovereign governments.

Property Rights

The rights of companies and individuals to own resources, make decisions about how to use it, and reap the returns or losses of business activities

Riparian Rights

Legal entitlements related to the ownership of land adjacent to rivers, lakes, or streams, often concerning the use and access to the water.

Arbitration

The process of reaching a binding decision through an arbitrator (a third party) outside the courts.