Questions:1. A very small country's gross domestic is $12 million. a. If government expenditures amount to $7.5 million and gross private domestic investment is $5.5 million, what would be the amount...

Questions:1. A very small country's gross domestic is $12 million. a. If government expenditures amount to $7.5 million and gross private domestic investment is $5.5 million, what would be the amount of net exports of goods and services?2. Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, non-mortgage interest, and so forth were $12 million.3. Assume personal income was $28 million last year. Personal outlays were $20 million and personal current taxes were $5 million.