1. Use the following information on a hypothetical economy, Rijkdom, for the year 2006. Balance of Payments Accounts National Income and Product Accounts Current account surplus of $1 billion GNE is $8 billion ($8,000 million) Nonreserve financial account deficit of $850 million Consumption is $5 billion ($5,000 million) Capital account surplus of $75 million Government purchases total $1.1 billion Foreign factors located in Rijkdom earn $150 million A $250 million government budget deficit Trade surplus of $700 million Net of -$50 million in unilateral transfers A. Calculate Rijkdoms financial account balance. What has happened to Rijkdoms foreign asset position? Explain in detail in terms of Rijkdomian assets and foreign assets (owned by Rijkdomians and foreigners). B. Calculate the official settlements balance (Change in foreign reserve) for Rijkdom. Did the Central Bank of Rijkdom experience a decrease or an increase in its foreign reserve holdings? Explain this in terms of the figure you calculated and what the official settlements balance measures. C. Calculate net factor income from abroad for Rijkdom. How much did Rijkdomian factors abroad earn? D. Is Rijkdom a net lender or a net borrower? Explain how you know. E. Calculate Rijkdoms GDP, GNI(GNP), and GNDI. F. Calculate investment for Rijkdom. G. Calculate Rijkdoms national savings and private savings