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Below is a list of domestic output and national income gures for a certain year. All gures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. Category Billions Category Billions Personal consumption expenditures $245 Net exports 11 Net foreign factor income 4 Dividends \" Transfer payments 12 Compensation of employees 223 Rents 14 Taxes on production and imports 18 Statistical discrepancy 3 Undistributed corporate prots Consumption of xed capital (depreciation) 2? Personal taxes \" Social Security contributions 20 Corporate income taxes Interest 13 Corporate prots E Proprietors' income 33 Government purchases Personal saving 20 Net private domestic investment 33 Instructions: Enter your answers as a whole number. a. Using the above data, determine GDP by both the expenditures approach and the income approach. Then determine NDP. a. Using the above data, determine GDP by both the expenditures approach and the Income approach. Then determine NDP. GDP using the expenditures approach = $ |:| billion GDP using the income approach = $ |:| billion NDP = $| billion b. New determine NI in two ways: first. by making the required additions or subtractions from NDPimethod1); and second, by adding up the types ofincome and taxes that make up NI (method 2}. Methcd1= $ |:| billion Method 2 = $ :| billion c. Adjust NI (from part b} as required to obtain PI. PI = $ |:| billion d. Adjust PI (from part c] as required to obtain DI. DI = $ |:| billion