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The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but

The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire destroys the statistics office. The accounts are now incomplete but they contain the following data:

  • GDP (expenditure approach): $2 940
  • Compensation of employees: $520
  • Indirect taxes less subsidies: $93
  • Net interest: $490
  • Gross Private Investment: $810
  • Government expenditure: $420
  • Rental income: $205
  • Net exports: $136
  • Corporate profits: $580
  • Proprietors income: $240
  • Net Investment: $370

a) Calculate National Income and depreciation.

b) Calculate GDP (income approach) and the statistical discrepancy.

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