The Country of Meditor Uses the Merit as Its Currency

question 230

Multiple Choice

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?

• A)450 million merits and $150 million merits
• B)410 million merits and $150 million merits
• C)330 million merits and $270 million merits
• D)290 million merits and $270 million merits