a) Explain a two sector economy in the circular flow diagram and relate it to THREE (3) approaches in calculating national income [5 Marks] b) Calculate of national income using the output approach. USD (Million) Item 4,750 Finance, insurance, real estate and business services 10,000 Private expenditure 20,000 Rent 6,000 Government expenditure 11,400 Agriculture ,000 Mining and quarrying Transport, storage and communication 3,700 Dividends received by individual 650 Wholesale and retail trade, accommodation and restaurants 6,300 Manufacturing 12,500 Profit 23,100 Capital consumption allowances 1,000 Corporate income taxes 6,250 Taxes on expenditure 7,500 Net factor income received from abroad 3,450 Subsidies 445 Personal income taxes 125 Social contribution Employees Provident Fund 50 Transfer payment 170 700 Calculate the: i. Gross Domestic Product (GDP) at market price (3 marks) ii. Gross Domestic Product at factor cost (3 marks) iii. Gross national Product at factor cost (3 marks) iv. National Income (3 marks) v. Personal Income (3 marks) vi. Disposal personal income