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solve the questions provided in image Personal consumption expenditures $245 Compensation of employees $223 Net foreign factor income 4 Taxes on production & imports 18

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Personal consumption expenditures $245 Compensation of employees $223 Net foreign factor income 4 Taxes on production & imports 18 Transfer payment 12 Undistributed corporate profits 21 Rents 14 Personal taxes 26 Consumption of fixed capital (depreciation) 27 Corporate income taxes 19 Social security contributions 20 Corporate profits 56 Interest 13 Government purchases 72 Net private domestic Proprietors' income 33 33 investment Net Exports 11 Personal savings 20 Dividends 16 Statistical discrepancy 8 Above is a list of domestic output & national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income by both the expenditure and the income approaches. The results you obtain with different methods should be same. (a) Using the above data, determine GDP by both the expenditure and income approaches. Then determine NDP.(b) Now determine NI in two ways: first, by making required subtractions or additions from NDP; and second by adding up the types of income @ Adjust NI (from part b) as required to obtain PI. (d) Adjust PI ( from part c) as required to obtain DI

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