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please help me Q.4 Use the following information on a hypothetical economy, the Empire, for the year 2014. BOP Accounts National Income and Product Accounts

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Q.4 Use the following information on a hypothetical economy, the Empire, for the year 2014. BOP Accounts National Income and Product Accounts (NIPA) Current account surplus of $1 billion GNP is $8 billion Capital account surplus of $75 million Consumption is $5 billion Foreign factors located in the Empire earn $150 million Government purchases total $1.1 Trade surplus of $700 million billion Net of -$50 million in unilateral transfers A $250 million government budget deficit a. Calculate the Empire's financial account balance. What has happened to the Empire's foreign asset position? Explain. b. Calculate NFP (Net factor payments) for the Empire. How much did the Empire's factors abroad earn? c. Is the Empire a net borrower or net lender? Explain how you know

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