1)Given information for Country Meow as below:

Details

Consumers consumption= 30 million

Net Investment 20 million

Government Expenditure 30 million

Export 20 million

Import 10 million

Depreciation 10 million

Indirect taxes 25 million

Subsidies 118 million

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

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

c)Discuss the 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.