1)Given information for Country Meow as below:

Details

Consumers consumption= 30million

Net Investment 20million

Government Expenditure 30million

Export 20million

Import 10million

Depreciation 10million

Indirect taxes 25million

Subsidies 118million

a)Calculate Gross Domestic Product (GDP) market price for Country Meow

b)Calculate Gross Domestic Product (GDP) factor cost for Country Meow

c)Discussthe various methods in calculating GDP

2)Given the following:

C = 2000 + 0.75Yd

T = 300

I = 320

G = 300

X = 300

M=100

a)Determine the equilibrium level of income using expenditure and injection-leakage approach

b)Determine the value of C at equilibrium level of income.

c)Calculate the equilibrium level of income when there is an increase in investment of 100 using expenditure and multiplier approach.