Problem 1.3 In figure 1.7, you will find the following incomplete balance of payments of a country. Answer the following questions and assume that the residual item is 0 . Current account Financial account Figure 1.7: Balance of payments (in bill.) a) Assume that the country's net domestic product is 2070b. Calculate the net national income. b) Calculate how the country's FX reserves changed during the year under review. c) Assuming that the country's net investment are 200b, determine the country's savings. d) Calculate the change of the international investment position. Problem 1.3 In figure 1.7, you will find the following incomplete balance of payments of a country. Answer the following questions and assume that the residual item is 0 . Current account Financial account Figure 1.7: Balance of payments (in bill.) a) Assume that the country's net domestic product is 2070b. Calculate the net national income. b) Calculate how the country's FX reserves changed during the year under review. c) Assuming that the country's net investment are 200b, determine the country's savings. d) Calculate the change of the international investment position