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. Consumpt

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.