1. You are given the following information about the open economy of Econland for 2018.

GDP $100 billion C70 billion Tax15 billion TP8 billion .G20 billion EX10 billion IM 12 billion

a) What is the level of investment spending in Econland?

b) What is the level of net capital outflow for Econland? Is Econland borrowing from foreigners or

lending to foreigners? Explain

c) What is private savings equal to in Econland?

d) What is the budget balance equal to in Econland?

e) Does national savings plus net capital outflow equal investment spending for this economy?