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Question: below is a list of domestic output and national income...

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Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same Category Value Category Value Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors income Personal saving $255 Net exports Dividends Compensation Taxes on production and imports Undistributed corporate profits Personal taxes Corporate income taxes Corporate profits Government purchases Net private domestic investment 16 233 18 21 of employees 27 20 13 19 56 72 20 Instructions: Enter your answers as whole numbers. a. Using the above data, determine GDP by both the expenditures and the income approaches. Then determine NDP. GDP using the expenditures approach- billion. GDP using the income approach billion. billion.

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