The Country of Meritor Uses the Merit as Its Currency

question 199

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 100 million merits. What is the sum of its consumption and government expenditures?

• A)600 million merits
• B)560 million merits
• C)490 million merits
• D)470

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Definitions:

Angel

An affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Intervene

To come between disputing parties, events, or processes to alter a result or prevent certain actions.

Angel Investor

A wealthy individual who provides financial backing for small startups or entrepreneurs, often in exchange for ownership equity in the company.

Return

Refers to the income generated from an investment, including dividends, interest, or capital gains, expressed usually as a percentage.