Which of the following describes a developing nation? a. a command economy with a low human development index . b. a mixed economy with a high human development index. c. a market economy with a high per capita income. d. a market economy with trillion-dollar gross domestic product.

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?