Answer all questions with explanation

3) In 2020 Gisslovia had the following data: Government Purchases 700 Corporate Income Tax 200 Indirect Business Tax 150 Social Security Tax 600 Exports 400 Capital Consumption Allowance 100 Investment Expenditure 700 Imports 900 Consumption Expenditure 3000 Retained Earnings 50 Net Income Earned Abroad -200 Transfer Payments 1500 Personal Income Tax 1000 Calculate the following: A) GDP; B) NetDomesticProduct; C) National Income; D) Personal Income; E) Disposable Personal Income 2. Assume an economy that produces two goods: food and clothing In period 1 people bought 1200 units of food at a price of $5 and 300 units of clothing at a price of $10. In period 2 people bought 1500 units of food at a price of $7 and 350 units of clothing at a price of $15. A) Calculate the fixed weight price index for period 2 B) Calculate the variable weight price index for period 2 C) Do they differ in terms of inflation from year 1