Government investment is zero-government-private saving

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Reference no: EM131424885

You are given the following information about an economy:

Gross private domestic investment = 30

Government purchases of goods and services = 30

Gross national product (GNP)= 205

Current account balance = −30

Taxes = 50

Government transfer payments to the domestic private sector = 25

Interest payments from the government to the domestic private sector = 15

(Assume all interest payments by the government go to domestic households.)

Factor income received from rest of world = 6

Factor payments made to rest of world = 7

Assuming that government investment is zero, find each of the following.

Net factor payments from abroad =

GDP=

Net exports =

Consumption =

Private saving =

Government saving =

National saving =

Reference no: EM131424885

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