In a given year, firms in a small island nation produced $1,000. The nation owned $5,000 of foreign bonds, and foreign nations owned $2,500 of the island's bonds. The interest rate in both of these bonds is 1% per year. The residents in the nation consumed $800, and invested $250. The government spent $200 and collected $100 in taxes. (a) What is the GDP, GNP (Y in the book's notation), national savings, current account balance, financial account balance? (b) What do you expect to happen to the difference between GDP and GNP in the following year? Why?