The following activities took place in an imaginary open economy (see the table below): Calculate: 1. GDP at market prices using expenditure and income approaches. (6 points) 2. Personal disposable income (2 points) 3. Private saving (2 points) 4. The government's budget balance (revenue- spending) (2 points) 5. Leakages and injections, knowing that in this open economy: Leakages Private saving + Taxes + Imports Injections Investment + Government spending + Exports. Are they equal? (3 points) - Items Wages paid to labour Consumer expenditure Taxes paid by households and firms Transfer payments Total profits made by firms Profits retained by firms Investment Interest earned by households Rent received by households Government expenditures on goods and services Exports of goods and services Imports of goods and services Depreciation $ 800,000 650,000 250,000 50,000 200,000 50,000 250,000 100,000 40,000 200,000 250,000 160,000 50,000