A) Calculate total government expendituresB) Calculate total government revenuesC) Is the government running a surplus, deficit, or balance budget?D) Calculate GDP via the expenditures approachE) Calculate national income

The following are components of national product and national income for a country: Items Billions of Dollars Consumption of goods and services 500 Corporate Income taxes 30 Corporate retained earnings 40 Depreciation allowances 85 Exports 220 Government expenditures on goods and services 200 Government Net Income transfers to Households 70 Gross Fixed Investment 150 Imports 210 Indirect taxes net of subsidies 100 Interest on government debt 25 Interest paid by producers in the production and service sectors 20 Net income from abroad 10 Non-cash Labour income 20 Personal income taxes 90 Rent of building and equipment 30 Total corporate profit 85 Total earned Labour income( including self employed wages, 530 Supplementary labour income and Farmers income) Total non-Corporate Profit (income from nonfarm unincorporated 35 business) Variation in the stock of inventories 15