Question 1 (12 points) a. In our first class meeting (and a bit of the second) we discussed the concept of gross domestic product (GDP) and noted that it consisted of spending done by the four (4) aggregate sectors of the economy. If nominal GDP is $12,204, consumption (C) is $8,606, investment (1) is $1,722, and government purchases (G) are $1,498, what must be the level of net exports (NX)? Net Exports (NX) = b. A $10,000 face-value discount bond matures in 2 years and the bond is currently selling for $9,250. If you purchase the bond today and held it until it matures in 2 years, what is your yield to maturity (YT)? Please round your answer to the 2nd decimal place after you convert into percent terms. Yield to Maturity (YTM) = c. Suppose you purchase a new car today for $35,000. The financing terms are to repay the loan by making monthly payments for the next four years (treated as an ordinary annuity or a fixed payment loan) and the interest rate or yield to maturity, iyTM, on the loan contract is 9 percent. Under these terms, your monthly loan payment will be $870.98 (so, FP = $870.98). Over the course of repaying the loan by making 48 equal monthly payments, how much will you have repaid to the bank in total? Also, what is the total interest paid (INT or finance charge) you paid on this car loan? Total Repaid, $ - Total Interest Paid, INT ($)