Citizens of the Country of Heehaw Produce Hay and Provide

Essay

Citizens of the country of Heehaw produce hay and provide entertainment services (banjo playing).In 1998 they produced $15 million worth of hay,with $11 million consumed domestically and the other $4 million sold to neighbouring countries.They provided $7 million worth of banjo-playing services,$5 million in Heehaw and $2 million in neighbouring countries.They purchased $6 million worth of soda pop from neighbouring countries.Calculate the magnitudes of GNP,GDP,net factor payments from abroad,net exports,and the current account balance.