Can you answer these questions?

1) What is the difference between Nominal GDP and Real GDP? Which is more important in terms of satisfying human wants? Why? 2) After a careful reading of the chapter, use what you need from the list below to compute GDP from the Expenditures approach. Personal Consumption expenditures......$850 Transfer payments............. $15 Consumption of fixed capital .. $35 Interest.. $11 Exports..... $16 Government purchases... .$115 Compensation of employees.... $225 Imports.. .$20 Net private domestic investment. $75