1. National income accounting deals with the aggregate measure of the outcome of economic activities. The most common measure of the aggregate production in an economy is Gross Domestic Product (GDP). The table below provides Country's national income accounting. Use this data to answer the following questions.

Transfer Payments	$ 54
Interest Income	$ 186
Depreciation	$ 36
Wages	$ 67
Gross Private Investment	$ 124
Business Profits	$ 274
Indirect Business Taxes	$ 74
Rental Income	$ 75
Net Exports	$ 18
Net Foreign Factor Income	$ 12
Government Purchases	$ 156
Household Consumption	$ 304

1. Calculate the GDP by using the Expenditure Approach Method
2. Calculate the GDP by using the Factor Payment Approach or the Income Approach Method.