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