Question
You are given the following information about an economy: (7 marks) Gross private domestic investment = 40 Government purchases of goods and services = 30
You are given the following information about an economy: (7 marks) Gross private domestic investment = 40 Government purchases of goods and services = 30 Gross national product (GNP) = 200 Current account balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from the government to the domestic private sector = 15 Factor income received from rest of world = 7 Factor payments made to rest of world = 9 Find out the followings: a. Consumption b. Net exports c. GDP d. NFP e. Private saving f. Government saving g. National saving
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