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National Income and Product Accounts Balance of Payments Accounts Consumption 1200 Domestic income payments to foreign factors 400 Investment 700 Net unilateral transfers -10 Government

National Income and Product Accounts

Balance of Payments Accounts

Consumption

1200

Domestic income payments to foreign factors

400

Investment

700

Net unilateral transfers

-10

Government spending

200

Trade balance

-100

Gross national income

1700

  1. What is the value of gross national expenditure?
  2. What is the value of gross domestic product?
  3. What is the value of foreign income payments to domestic factor services?
  4. What is the value of gross national disposable income?
  5. What is the value of national saving?
  6. What is the value of current account?
  7. What does the value of the current account say about this country?
  8. During the next year, the country experienced an increase in investment spending, and the government budget became a bigger deficit. All else equal, how would each of these changes affect the current account balance? Explain why.

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