What are the answers to the following questions regarding government structure and the balance of payments?

Here are the answers to the questions:

2.1.1:

• National government
• Provincial government

2.1.2:
The asset component is subtracted when calculating net investment in the financial account of the Balance of Payments because it represents an outflow of capital from the domestic economy, as domestic residents acquire foreign assets.

2.2.1:
Households

2.2.2:
The formula for calculating the value of the multiplier in a two-sector economy is:

$$k = \frac{1}{1 - MPC}$$

or

$$k = \frac{1}{MPS}$$

where $k$ is the multiplier, $MPC$ is the marginal propensity to consume, and $MPS$ is the marginal propensity to save.