Answer to Question #133563 in Macroeconomics for Prateek Chelani

Question

The following data is given:
Gross private domestic investment 40
Government purchases of goods & services 30
Gross national product (GNP) 200
Current account balance -20
Taxes 60
Government transfer payments to the domestic private sector 25 Interest payment from government to domestic private sector 15 Factor income received from rest of the world 7
Factor payments made to rest of world 9
Find the following, assuming government investment is zero:
(a) Consumption
(b) Net exports
(c) GDP
(d) NFIA
(e) Private saving
(f) Government saving
(g) National saving

Answer 1

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