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SECTION A: Answer all the Questions in this Section Q1. The following data represent a list of national output and expenditure figures of a state

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SECTION A: Answer all the Questions in this Section Q1. The following data represent a list of national output and expenditure figures of a state for the year 2020. All figures are in millions of dollars. Personal consumption expenditure 3060 Imports 520 Gross private domestic investment 820 Government purchases 1160 Proprietor's income 350 Net foreign income 20 Exports 900 Social security contribution 650 Depreciation 620 Personal taxes 650 Government transfer payment 600 Using either Expenditure Approach or Income Approach, compute the following: i. Gross Domestic Product ii. Gross National Product iii. National Income iv. Net national product (30 marks)

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