The Country of Meritor Uses the Merit as Its Currency

Multiple Choice

The country of Meritor uses the merit as its currency. Recent national income statistics shows that it has GDP of 700 million merits, no government transfer payments, taxes of 210 million merits, a budget surplus of 60 million merits, and investment of 100 million merits. What is the sum of its consumption and government expenditures?

A) 600 million merits
B) 560 million merits
C) 490 million merits
D) 470