Question 1 Table below shows the national income accounting data for the year 2020 in Netopia. Items RM (Million) Depreciation 560 Gross private domestic investment expenditures 5980 Imports 9900 Exports 3000 Federal government expenditures 7900 State and local government expenditures 1653 Personal consumption expenditure 8960 Transfer payments 300 Receipts of factor income from the rest of the world 930 Payments of factor income to the rest of the world 1890 Using expenditure approach, calculate the following values: (5 Marks Each) A. Gross domestic product (GDP) = C + | + G + (X-M) B. Real GDP (assume that the price index is 115) C. GDP per capita (assume that the population of Netopia is 4 million) Question 2 In a very simple economy - Netopia, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI has 50 units of food and 10 units of clothing. food clothing 2019 price RM4 RM10 2020 price RM6 RM20 A. What are the percentage increases in the price of food and in the price of clothing? (3 Marks) B. What is the percentage increase in the CPI? (3 Marks) C. Do these price changes affect all consumers to the same extent? Explain. (4 Marks) Question 3 Compute how much each of the following items is worth in terms of today's dollar using 177 as the price index for today. (2 Marks each) A. In 1919 the CPI was 17.7 and the price of a movie ticket was $0.25. B. In 1929 the CPI was 13.1 and a cook earned $15.00 a week. C. In 1939 the CPI was 17.4 and a liter of petrol cost $0.19. Question 4 The table below uses data for the year 2020 provided by a nation's statistic department and adjusted to be comparable to each other. All values are in thousands. Complete the blank entries on a separate answer sheet. (1 Mark each) There is no need to duplicate the table for your answers. Adult Labour Unemployed Unemployment Labour Force Country Population Force Employed Rate Participation Rate Netopic 109,474 (B) 62,510 3,500 (F) (H) Bizcounty (A) 26,870 2,577 (G) 57.41 Marshland 70.159 39.591 (D) (E 9,69