The list below provides some national figures for the country of Econoland. All

figures are in millions of dollors.

Wages and salaries 5000

Interest income 200

Personal consumption 3900

Personal saving 1100

Personal income taxes 200

Business profits 465

Indirect Taxes 175

Subsidies 30

Government purchases 1000

Exports 350

Imports 390

Net private investment 950

Depreciation 150

i. Using the expenditure approach, what is the value of GDP for

Econoland?

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ii. Using the income approach, what is the value of GDP for Econoland?

iii. What is the value of net domestic income at factor cost for

Econoland?