What is the value of the GDP

3. The following information about Jamaica is for the year 2009. Billions of Dollars Personal Consumption Expenditures 200 Personal Taxes 50 Exports 30 Depreciation 10 Government Purchases 50 Gross Private Domestic Investment 40 Imports 40 Income paid abroad 120 Income received from abroad 95 Taxes on expenditure 50 subsidy 45 Corporation taxes 120 Transfer payment 100 Intermediate goods 90 a. Calculate the value of the GDP. (3 marks) b. Calculate the value of: i. Gross national product (3 marks) ii. Net national product at factor cost. (6 marks) C. Explain three uses of the use of National Income account (6 marks) d. Explain three limitations of using national income to measure welfare. (6marks) e. Explain the three methods of calculating national income. (6marks)