Dear Tutor, Good afternoon Could you help me with the following please. Thank you

Problem Solving: (50 pts.)

1.Compute the Gross National Product (20 pts.)

a)Given the following information, solve (a) the national income (NI); (b) gross domestic product (GDP), with the use of a T-account format. (10 points).

(PCE) Personal Consumption Expenditure P 770,261

(CE) Compensation of Employees 800,320

(X) Exports of Goods and Services 820,320

(GDKF) Gross Domestic Capital Formation 590,680

(EDIP) Entrepreneurial and Property Income of Persons 225,944

(GCE) Government Current Expenditures 200,944

(M) Imports of Goods and Services 790,690

(C) Corporate Income 10,628

(GIPE) Government Income from Property and Entrepreneurship 5,000

b)If the net factor income from abroad (NFIA) is equal to 5,000, what is the level of

GNP? (5 points)

c)If the capital consumption allowance (CCA) and indirect business taxes (IBT) are equal to 57,399 and 492,223 respectively, what is the level of GNP? (5 points)

2.Solve the equilibrium income (2-sector model). (30 points)

a)Complete the savings (S) and (C + I) schedules below. Investment is pegged at 160 level. (20 points) Give the ff savings and C + I

Income (Y) Consumption (C) Savings (S) C + I

0 60

50 90

100 120

250 210

300 240

400 300

550 390

600 420

650 450

700 480

b)Determine the equilibrium income. (5 points)

c)Given the above schedules, establish a relationship that exists among investment, assumption and income. (5 points)