You are given the following information about an economy:
Gross private domestic consumption=100
Gross private domestic investment = 60
Government purchases of goods and services = 40
Gross national product (GNP) = 300
Taxes = 120
Government transfer payments to domestic private sector = 50
Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households)
Factor income received from rest of world = 9
Factor payments made to rest of world = 5
Find the following, assuming that government investment is zero:
a.GDP
b.current account
c.Private saving
d.National saving