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Use the following hypothetical national income and product accounts data (billions of dollars) in 2017 to answer questions 1-3 Consumption (personal consumption expenditures): 50 Investment

Use the following hypothetical national income and product accounts data (billions of dollars) in 2017 to answer questions 1-3

  • Consumption (personal consumption expenditures): 50
  • Investment (gross private domestic investment): 10
  • Government consumption (government expenditures): 20
  • Net exports of goods and services: -10
  • Net factor income from abroad: -15
  • Net unilateral transfers: 10
  • Capital account balance: 5
  • Statistical discrepancy: 0
  • The external wealth at the beginning of 2017: 500
  • The external wealth at the end of 2017: 480

  1. What is the Gross National Income (in billion dollars) of the country in 2017 (zero decimal places)?
  2. What is the current account balance (in billion dollars) of the country in 2017 (zero decimal places)?
  3. What is the financial account balance (in billion dollars) of the country in 2017 (zero decimal places)?

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