Question: The table given below represents data for a hypothetical economy. Use it to answer the questions that follow: Item $m Compensation of employees 26,800 Operating

The table given below represents data for a hypothetical economy. Use it to answer the questions that follow:

Item $m

Compensation of employees 26,800

Operating surplus 17,100

Gross Mixed Income 4,500

Final private consumption expenditure 29,900

Final government consumption expenditure 9,800

Change in stocks 2,000

Consumption of fixed capital 5,000

Indirect taxes 7,350

Private gross fixed capital formation 8,600

Government fixed capital formation 4,800

Subsidies 1,050

Exports 15,800

imports 15,700

a) Calculate the Gross Income at Factor Cost.

b) Calculate the GDP using Income Approach.

c) Calculate the GDP using the Expenditure Approach.

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