Suppose you are trying to learn a list of words. it takes you eight minutes to learn the list the first time you try. you return the next day and study the list again, and find that it takes you only two minutes. how much of a time savings has occurred? a) 25% b) 75% c) 100% d) 125%

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?