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29. Utaria's savings Surplus last year was $100 billion. Tax revenue was $30 billion, while government expenditure totaled $90 billion. (i) Was National Income bigger

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29. Utaria's savings Surplus last year was $100 billion. Tax revenue was $30 billion, while government expenditure totaled $90 billion. (i) Was National Income bigger that National Spending? If so, by how much? (ii) Was the Current Account balance a deficit or surplus? Of how much? (iii) Suppose Utaria experienced an increase in Official reserves of $25 billion (i.e OR =-$25b). What was its financial account balance

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