Illustrate what is the value of goods and services, Ask an Expert

Economics

Q1. The country of Numidia does not trade with any other country. Its GDP is 20 billion. Its government collects 4 billion in taxes and pays out 3 billion to households in the form of transfer payments. Consumption equals 15 billion, and investment equals 2 billion. Illustrate what is the value of goods and services purchased by the government of Numidia?

Q2. Assume which coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2007, and sell 240 million pounds for $3 per pound in 2008. Based on this information we can conclude?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9159512

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