Q1)      Given the following economic identities: GDP = C+I+(X-M)……………………………...……………………………………………. (1) GNI = GDP+Yf……………………………………………...……………………………….. (2) GNDI= C+I+(X-M) + Yf+ TRf ………………………………………………………………. (3) You are required: Find the relationship among gross national disposable income, aggregate demand or domestic absorption and the current account balance (please, interpret your result)

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