1. Use the data below to answer the questions that follow. (Total marks = 12)

Item	Amount (billions of dollars)
Consumption expenditure	400
Government purchases	100
Interest and investment income	40
Profit of corporations & public enterprises	80
Income from farms and unincorporated businesses	50
Wages, salaries, and supplementary labour income	350
Capital consumption allowance (depreciation)	60
Investment	150
Exports	56
Imports	36
(Indirect) taxes less subsidies	90

Calculate net exports. (2 marks)

Use the expenditure approach to calculate GDP. (5 marks)

Use the income approach to calculate GDP. (5 marks)