The country of Meditor,a small country with a closed economy,uses the merit as its currency.Recent national income statistics showed that it had GDP of $600 million merits,no government transfer payments,taxes of $150 million merits,a budget surplus of $40 billion merits,and investment of $100 billion merits.What were its consumption and government expenditures on goods and services?
A) $460 million merits and $150 million merits
B) $310 million merits and $190 million merits
C) $350 million merits and $190 million merits
D) $390 million merits and $110 million merits
Correct Answer:
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