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Economics by Libby Rittenberg and Timothy Tregarthen.

Principles of Economics by Libby Rittenberg and Timothy Tregarthen. Read chapter 21.
Part 1
You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G.
  • Consumption 350 billion G
  • Transfer payments 100 billion G
  • Investment 100 billion G
  • Government purchases 200 billion G
  • Exports 50 billion G
  • Imports 150 billion G
  • Bond purchases 200 billion G
  • Earnings on foreign investments 75 billion G
  • Foreign earnings on Amagre investment 25 billion G
  1. Compute net foreign investment.
  2. Compute net exports.
  3. Compute GDP.
  4. Compute GNP.
In addition to responding with a quantitative answer, briefly describe how you arrived at your answers.
Part 2
Please explain in three well-structured paragraphs the impact of a change in the savings rate on the output. Cite any references in apa format.
Read Chapter 22
Part 3
The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.

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