You are given the following information about an economy : Gross private domestic investment =. 40 Government purchase 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 payment from the government to the domestic private sector. =. 15 Factor income received from rest of world. =. 7 Factor payment made to rest of world. =. 9 Find the following, assuming that government investment is zero. : a) consumption b) Net export c) GDP d) net factor payment from abroad e) private saving f) government saving g) national saving
You are given the following information about an economy : Gross private domestic investment =. 40 Government purchase 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 payment from the government to the domestic private sector. =. 15 Factor income received from rest of world. =. 7 Factor payment made to rest of world. =. 9 Find the following, assuming that government investment is zero. : a) consumption b) Net export c) GDP d) net factor payment from abroad e) private saving f) government saving g) national saving
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You are given the following information about an economy :
Gross private domestic investment =. 40
Government purchase 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 payment from the government
to the domestic private sector. =. 15
Factor income received from rest
of world. =. 7
Factor payment made to rest of world. =. 9
Find the following, assuming that government investment is zero. :
a) consumption
b) Net export
c) GDP
d) net factor payment from abroad
e) private saving
f) government saving
g) national saving
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