Price of an exotic drink adequate conceptual justifications

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Q1. The country of Mediator utilizes the merit as its currency. Recent national income statistics elucidate how that it had GDP of $700 million merits, no government transfer payments, taxes of $210 million merits, a budget surplus of $60 billion merits also investment of $100 billion merits. Illustrate what was its consumption also government expenditures on goods also services?

Q2. Explain Elucidate how the price of a product is concluded. Analyze Elucidate how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.

Reference no: EM1320422

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