Problem You are given the following information about an open economy 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 payment to the domestic private sector:25 Interest payments from the government to the domestic private sector:15 Factor in come received from the rest of the world:7 Factor payments made to the rest of the world:9 Calculate the following: a)Consumption b)NetExports c)GDP d)Net factor payments from abroad e)Private savings (f) Government savings (g) National savings

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