Question: Hello, can you please help me solve both questions? I've been having a lot of trouble with them. Use the data below to calculate GDP

Hello, can you please help me solve both questions? I've been having a lot of trouble with them.

Hello, can you please help me solve both questions? I've been havinga lot of trouble with them. Use the data below to calculate

Use the data below to calculate GDP using the income approach. (I intentionally left out some of the expenditure categories so that you must use the income approach). Then calculate NDP, NI, PI, and DI. (All gures are in billions of dollars): Gross Private Domestic Investment 853.9 Proprietor's Income 408.1 Dividends 192.3 Wages and Salaries 3189.3 Undistributed Corporate Prots 87.6 Corporate Income Taxes 181.5 Imports 624.5 Govemment Expenditures 1224.3 Rents 66.6 Transfer Payments 667.9 Exports 559.5 Indirect Business Taxes 443.1 Consumption of xed capital (depreciation) 719.1 Net foreign factor income earned in the US. 28.6 Social Security Contributions 436.9 Interest 472.3 Personal Taxes 552.2 Use the data below to calculate GDP using the expenditure approach. (I intentionally left out some of the income categories so that you must use the expenditure approach). Then calculate NDP, NI, PI, and DI. (All gures are in billions of dollars): Consumption of Fixed Capital (Depreciation) 573.1 Corporate Income Taxes 133.9 Dividends 90.7 Exports 471.1 Government Purchases 1050.6 Imports 571.6 Indirect Business Taxes 363.3 Interest 417.3 Net foreign factor income earned in the U.S. 28.1 Gross Private Domestic Investment 827.6 Personal Consumption Expenditure 3056.1 Personal Taxes 576.4 Proprietor's Income 369.2 Rents 35.1 Social Security Contributions 330.7 Transfer Payments 456.6 Undistributed Corporate Prots 134.9 GDP=$ NDP=$ Billion Billion Billion Billion Billion

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