Suppose the following are national accounting data for a given year for Malaysia (hypothetical data).
Amount
(Billions of RM)
Consumption of fixed capital 285
Gross private domestic investment 725
Government consumption expenditures 720
Government investment expenditures 165
Imports -550
Exports 625
Household consumption expenditure 3010
Net property income paid overseas -35
(a) Calculate GDP and the country's gross national expenditure using the expenditure approach;
(b) Derive the country's gross national product (GNP);
(c) Derive the country's net national product (NNP);
(d) Derive the country's current account balance;
(e) Derive the country's gross national savings.