In the table, you find figures taken from some Country’s national accounts for the 2018 fiscal...
In the table, you find figures taken from some Country’s national accounts for the 2018 fiscal year. Figures are in billions of dollars.
Find:
a) Savings
b) Private Savings
c) Net Government Income
d) Gross National Product
e) Net Exports
f) Government Interest Payments
g) Current Account Balance
| Variables: | Values: |
| Y(GDP) | 2000 |
| NFP (Net Factor Payment) | 100 |
| C (Consumption) | 1400 |
| G (Government Expenditure) | 200 |
| PDI (Personal Disposable Income) | 1600 |
| I (Investment) | 160 |
| T (Taxes) | 640 |
| TR (Government Transfers) | 130 |
Homework Answers
A. Saving = Disposable Income - Consumption
Saving = 1600 - 1400
Saving = $ 200 billion
B. Private saving = National Income - Consumption - Taxes
Private saving = 2,000 - 1,400 - 640
Private Saving = - $ 40 billion
C. Net government income =Consumption +investment +government spendimg+ net export + Net factor income - indirect tax - depreciation
Net government income = 1400 + 160 + 200 + 100 -640
Net government income = 1220
D. GNP = GDP + Net factor payment = 2100
E. Net export = GDP - consumption - government spending- investment
Net exports = 2000 - 1400 - 200 - 160
Net export = 240
F. Government interest payment = 40
G. Current account balance = net export + at income from abroad + current transfer
Current account balance = 240 + 100 + 130 = 370
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