The UK’s current account on balance of payment deficit was £23.2 billion (4.6% of GDP) in April to June (Q2) 2017.(a)Calculate the UK’s GDP in April to June (Q2) 2017. You are advised to show your working.

Explain the likely effect of the UK’s current account position in April to June (Q2) 2017 on the UK’s circular flow of income.

Recently, the Centre's fiscal deficit in the first four months of 2023-24 touched 33.9% of the full-year target. In the Union Budget, the government projected to bring down the fiscal deficit to 5.9% of the gross domestic product (GDP) in the current FY. The deficit was 6.4% of the GDP in 2022-23 against the earlier estimate of 6.71%.

A country finds itself in the following situation: a government budget deficit of $800; total domestic savings of $1800, and total domestic physical capital investment of $1300. According to the national saving and investment identity, what is the current account balance?Choose one answer from the options below.deficit of $1300surplus $300deficit of $300surplus of $1300

(c) Prepare the revised income and expenditure account for the year ended 31 December 2021.[12]

If this year's current account balance is–100 billiondollarsand the capital account balance is150 billiondollarsthen the amount of official reserves wil