Use the following information on a hypothetical economy, the Virginia Empire, for the year 2020. a. Calculate the Empires financial account balance. What has happened to the Empires foreign asset position? b. Is the Empire a net borrower or net lender? Explain how you know. c. Calculate NFP (Net factor payments) for the Empire. d. What is the total amount of Taxes collected by the Empire? e. What is the total value of Imports of goods and services by the Empire? f. What is the value of Domestic Absorption? g. Find National Savings. Find Private savings.

\begin{tabular}{|l|l|} \hline BOP Accounts & NationalIncomeandProductAccounts(NIPA) \\ \hline Current account surplus of $2 billion & GNP is $16 billion \\ Capital account surplus of $160 million & Consumption is $10 billion \\ Foreign factors located in the Empire earn $300 million & Government purchases total $1.1 billio \\ Trade surplus of $1.4 billion & $500milliongovernmentbudgetNetof$100millioninunilateraltransfers \\ \hline \end{tabular}