Question: Question .1: Given the table below calculate GDP using the expenditure approach and the income. approach + Personal Consumption 3,657 Net Foreign Factor.Income -15 Depreciation

Question .1: Given the table below calculate GDP using the expenditure approach and the income. approach + Personal Consumption 3,657 Net Foreign Factor.Income -15 Depreciation 400 Exports 573 Compensation of employees 3,254 | Transfer Payments 12 Indirect Business .Taxes 500 Proprietor income 403 Interest 530 Corporate Profits 341 Net Domestic Investment 341 Imports 704 Government Expenditure 1,098 Statistical Discrepancy 5 Rental Income 17 Corporate Income Taxes 86 Question 2: Which of the following is included in calculation of 2020.GDP (a)-You buy a used economics textbook from the bookstore (b) >New harvesting equipment for the farm is purchased. (c)->1,000 shares of stock in a computer firm (d) > Government bonds issued by a foreign firm (e) > Rent paid in 2020 for an apartment built in.2010 (f)-Social security payment to a retired military officer (g) >Value of an automobile produced in 2016.by an American owned firm in Japan (h)-> Purchase of a home built in 2019 (i) - Fees earned by a real estate agent on selling a house built in 2014 Question 3: Fill in the missing information in the table below: Nominal. Price Index. Real Year GDP (2000.= 100) GDP 2009 $1536 128 2010 $1663 132 2011 135 $1274 2012 $1792 140

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