Read the following statements carefully:
Statement 1: Money is a commodity which is generally accepted as a medium of exchange.
Statement 2: Money solved the problem of double coincidence of wants.
In the light of the given statements, choose the correct alternative from the following:
Statement 1: Money functions as a universal medium of exchange, a fundamental element in economic exchanges.
Statement 2: Money rectifies the inefficiencies of barter, specifically the requirement for a double coincidence of wants, by facilitating indirect transactions.
Total consumption expenditure by households under Keynesian Economics is a combination of __________ and ________ .
Surplus in Balance of Payments (BOP) refers to the excess of _________ .
Suppose for a hypothetical economy:
\(C = 100 + 0.75Y\) (where \(C\) = Consumption and \(Y\) = Income)
\(I_0 = 400\) (\(I_0\) = Autonomous Investment)
Value of Investment Multiplier (\(K\)) would be ____________ .