Q1. The country of Mediator utilizes the merit as its currency. Recent national income statistics elucidate how that it had GDP of $700 million merits, no government transfer payments, taxes of $210 million merits, a budget surplus of $60 billion merits also investment of $100 billion merits. Illustrate what was its consumption also government expenditures on goods also services?

Q2. Explain Elucidate how the price of a product is concluded. Analyze Elucidate how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.