Question: consider an economy with total gdp of 15 trillion total...
Consider an economy with total GDP of $15 trillion, total household consumption of $10 trillion, total government spending of $3 trillion, imports of $4 trillion and exports of $3 trillion. The net factor payments households receive is $0.2 trillion, and the total taxes paid to the government are $2 trillion.
3.1 Calculate the total private investment in this economy.
3.2 Calculate gross national product.
3.3 Calculate the total national saving.
3.4 Calculate the current account surplus