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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 |
|
|
- What is the value of gross national expenditure?
- What is the value of gross domestic product?
- What is the value of foreign income payments to domestic factor services?
- What is the value of gross national disposable income?
- What is the value of national saving?
- What is the value of current account?
- What does the value of the current account say about this country?
- 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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