The Country of Nemedia Does Not Trade with Any Other

question 268

Multiple Choice

The country of Nemedia does not trade with any other country.Its GDP is $30 billion.Its government purchases $5 billion worth of goods and services each year,collects $7 billion in taxes,and provides $3 billion in transfer payments to households.Private saving in Nemedia is $5 billion.What is consumption and investment in Nemedia?

• A)$18 billion and $5 billion
• B)$21 billion and $4 billion
• C)$13 billion and $7 billion
• D)There is not enough information to answer the question.

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Definitions:

Classified

Information, objects, or documents that have been officially categorized according to their sensitivity or importance, often with restrictions on access.

Vending Machine

An automated machine that dispenses items such as snacks, beverages, and other consumer products after payment is made.

Retail Store

A business establishment that sells goods or services directly to the end consumer for personal or household consumption.

Global Impact

Global Impact refers to the effect of actions or occurrences in one area on the rest of the world, encompassing environmental, economic, cultural, and social dimensions.