6. Continuing from the previous question, find nominal GDP for the United States in 2008

(you can find it elsewhere on the BEA site).

Use this information along with your previous calculations to compute the following:

a. Gross national expenditure (GNE), gross national income (GNI), and gross national disposable income (GNDI)

b. In macroeconomics, we often assume the U.S. economy is a closed economy when building models that describe how changes in policy and shocks affect the economy.

b. Compute the official settlements balance (OSB). Based on this number, what happened to the central bank’s (foreign) reserves?

c. How much income did foreign factors of production earn in Ikonomia during 2010?

d. Compute net factor income from abroad (NFIA).

e. Using the identity BOP = CA + FA + KA, show that BOP = 0.

f. Compute Ikonomia’s gross national expenditure (GNE), gross national income (GNI), and gross national disposable income (GNDI).