Suppose the following are national accounting data for a

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Reference no: EM13374913

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);

(d) Derive the country's current account balance;

(e) Derive the country's gross national savings.

Reference no: EM13374913

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