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Assume, during 2020, the Republic of Fantasia recorded purchase of new physical capital of $7 billion, interest payments of $9 billion, imports of $13 billion,
Assume, during 2020, the Republic of Fantasia recorded purchase of new physical capital of $7 billion, interest payments of $9 billion, imports of $13 billion, prots of $8 billion, exports of $1 0 billion, renth $8 billion, wages of $10 billion, Net tax revenue for government of 3 billion, consumption spending of $20 billion, govemrnllt purchases of 5 12 billion and inventories decreased by $1billion. Assume nonfactor payments are zero. Calculate Fantasia's: Nominal GDP Trade Balance, is Fantasia running a IJ'dB surplus or decit? Public Savings, is the government running a budget decit or surplus? Private Savings PP'E'JT
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