1. Given the following information (46 points): Social Security Contributions = $2600

Government Purchases = $10300 Personal Taxes = $3800

Net Foreign Factor Income = $1700 Imports = $8100

Wages = $13900 Rent = $3800

Dividends = $3100 Transfer Payments = $2300

Interest = $2700 Corporate Profits = $6400

Personal Consumption Expenditures = $10900 Depreciation = $2300

Taxes on Production and Imports = $1600 Exports = $6600

Gross Private Domestic Investment = $7300 Proprietor's Income = $3700

Corporate Income Taxes = $1900 Statistical Discrepancy = $1300

Undistributed Corporate Profits = $1400 Population = 900

a. Using the expenditures approach, solve for GDP.

b. Solve for GDP per capita.

c. Using the income approach, solve for national income, net domestic product, and GDP (in that order). Please note that the GDP value obtained in this part of the question will be different than what was solved for in part a.

d. Solve for personal income and disposable income.