In a small, closed economy, national income (GDP) is$250.00million for the current month. Individuals have spent $150.00millionon the consumption of goods and services. They have paid a total of $25.00millionin taxes, and the government has spent $25.00millionon goods and services this month. Use this information and the national income identity to answer thequestions.

How much is spent on investment in thiseconomy?

investment: $

What is national saving in thiseconomy?

saving: $

How are investment and national saving related in an economy likethis?

a)- Investment is a component of nationalsaving.

b)- National saving equalsinvestment.

c)- They areunrelated.

d)- National saving is always less thaninvestment.