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You are given the following information about an economy Gross private domestic investment: 40 Government purchases of goods and services: 30 Gross national product: 200
You are given the following information about an economy
Gross private domestic investment: 40
Government purchases of goods and services: 30
Gross national product: 200
Current account balance: -20
taxes: 60
Government transfer payment: 25
Interest payments from the government (all to domestic households): 15
Factor income from the rest of the world: 7
Factor payments to the rest of the world: 9
Find the following, assuming that government investment is zero
A) Net factor payment
B) GDP
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