Question

Balance of Payments Accounts National Income and Product Accounts Current account 100 GNE 750 Capital account...

Balance of Payments Accounts

National Income and Product Accounts

Current account

100

GNE

750

Capital account

20

Consumption

550

Net factor income from abroad

30

Government purchases

50

Net unilateral transfers

10

Government saving

40
  1. What is the value of financial account?
  2. What is the value of investment?
  3. What is the value of trade balance?
  4. What is the value of GNDI?
  5. What is the value of national saving?
  6. What is the value of private saving?
  7. [6 points] Assume that citizens of this economy reduce their private savings due to a lack of precautionary motives. All else equal, how would this change affect the current account balance? Explain why.
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