Can someone please help me calculate the questions below based on the table below.
Use the national income data in the table below,
|
National Income Accounting Data
|
Amount (billions)
|
|
Compensation of Employees
|
$2684
|
|
U.S. Exports of goods and services
|
551
|
|
Consumption of fixed capital
|
480
|
|
Government purchases
|
925
|
|
Taxes on production and imports
|
122
|
|
Net private domestic investment
|
233
|
|
Transfer payments
|
12
|
|
U.S. imports of goods and services
|
1674
|
|
Personal Taxes
|
81
|
|
Net foreign factor income
|
4
|
|
Personal consumption expenditures
|
3012
|
|
Statistical discrepancy
|
0
|
Compute:
(a) GDP
(b) NDP
(c) NI using the expenditure approach.