Question: How do you solve question's 1 and 2 step by step? Chapter 27 Questions: (1) A small economy starts the year with $2 million net

How do you solve question's 1 and 2 step by step?

Chapter 27 Questions: (1) A small economy starts the year with $2 million net Investment (capital). By the end of the year, the country has gross investment amounting to $200,000 and depreciation of $50,000. How big is the economy's new stock of capital at the end of the year? (2) Suppose the same small country has a GDP of $150 billion. Also, assume that Ig = $30 billion, C = $60 billion, and Xn = - $20 billion, how big is G (Government spending)

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