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a) Compare and contrast GDP versus GNP. (3 marks) Provide an example of each. (3 marks) b) Based on the data provided, calculate GDP according

a) Compare and contrast GDP versus GNP. (3 marks) Provide an example of each. (3 marks) b) Based on the data provided, calculate GDP according to the Expenditure Model. (5marks) Savings $642 Incoming FX Receipts $896 Private investment $414 Imports $624 GST Collected $168 Personal consumption $765 Rent Income $698 Property Taxes Collected $267 Exports $578 Government spending $1203

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