One day, Halimah Sdn. Bhd, collects RM 600 for haircuts. Over this day, his equipment depreciates in value by RM 100. Of the remaining RM 500, Halimah send RM60 to the government in sales taxes, take home RM290 in wages and retains RM150 in her business to add new equipment in the future. From RM290 that Halimah takes home, she pays RM100 in income taxes. Based on this information, compute Halimah's contribution to the following measurement of income.

a.Gross domestic product (2 marks)

b.National income (3 marks)

c.Personal income (4 marks)

d.Disposable personal income (3 marks)

e.The government purchases component of GDP does not include spending on transfer payments such as pensions. Thinking about the definition of GDP, explain why transfer payments is excluded. (2 marks)

f.Explain why GDP does not include the value of use good that are resold. Why would including such transactions make GDP a less informative measure of economic well-being? (2 marks)

(Total: 16 marks)