BUS 3103 Midterm - Version B - Page 5 of 5 06/06/22 (b) (6 points) Consider the list below with national income for the country of Shandora. All figures are in millions: Category Amount in Millions of dollars $6000 Wages & Salaries Interest Income $280 Personal Consumption $3000 Personal Savings $ 1200 Personal Income Tax $300 Business Profits $570 Indirect Taxes $ 180 Subsidies $50 Government Purchases $1000 Exports $350 Imports $500 Net Private Investments i $ 950 $120 Depreciation (2) 1. Using the expenditure approach. what is the GDP of Shandora? (2) 2. Using the income approach. what is the GDP of Shandora? (2) 3. What is the value of the net domestic income at factor cost? (net domestic income is the sum of wages, salaries, interest and profit)