Assignment # 3 (maximum points = 20) Q.1 Calculate the GDP using the data in table1 below ; a) Using expenditure approach (4 points) b) Using income approach ( 4 points) Transfer Payments $54 Interest Income $150 Depreciation $36 Wages $67 Gross Private Investment (1) $124 Business Profits $200 Indirect Business Taxes $74 Rental Income $75 Net Exports (X-M) $18 Net Foreign Factor Income $12 Government Purchases (G) $156 Household Consumption (C) $304 Table 1