1- A very small countrys gross domestic productis $12 million. If government expenditures amounted to $7.5million and gross private domestic investment is $5.5 million, what would bethe amount of net exports of goods and services?2. Personal income amounted to $17 million lastyear. Personal current taxes amounted to $4 million and personal outlays forconsumption expenditures, non-mortgage interest, and so forth were $12 million.a. What was the amount of disposable personal income last year?b. What was the amount of personal saving last year?3. Assume personal income was $28 million last year. Personal outlays were $20 million and personalcurrent taxes were $5 millionWhat was the amount of disposable personal income last year?What was the amount of personal saving last yearCalculate personal saving as a percentage of disposablepersonal income.