1. a). Assume that net secondary income is zero.What is the value of the current account for a hypothetical open economy with the following data?

GNP = $9,000

Consumption = $7,200

Investment = $1,200

Government purchases = $1,600

b). Assume that net secondary income is zero.What is the value of national saving for a hypothetical open economy with the following data?

GNP = $14,000

Consumption = $8,200

Investment = $1,200

Government purchases = $1,400

Tax collections = $1,200