Before studying for the midterm exam, Class A was told to expect a multiple-choice test, and Class B was told to expect an essay test. Both classes actually got a multiple-choice test, and Class A performed better on the test. This result is most consistent with the view of memory.

In a small, closed economy, national income (gdp) is $350 million for the current year. individuals have spent $100 million on the consumption of goods and services. they have paid a total of $60 million in taxes and the government has spent $75 million on goods and services this year. use this information and the national income identity to answer the questions. how much does the economy spend on investment?