1. Given the current nominal annual income is $100000. Throughout the year, the price level has changed from $2 to $3. Calculate the value of real income.

2.

Table 1: The national income accounting Items 5 million Exports 17.8 Depreciation 11.8 Government expenditures 59.4 Net private domestic investment 52.1 Transfer payments 13.9 Imports 16.5 Tax 40.5 Net factor income abroad 2.2 Consumption expenditures 219.1