Question

4. 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 methodsshould be the same. L027.4
a. Using the above data, determine GDP by both the expendituresand the income approaches. Then determine NDP.
b. Now determine NI in two ways: first. by making the requiredadditions or subtractions from NDP. and second, by addingup the types of income and taxes that make up NI.
c. Adjust NI (from part b) as required to obtain PI
d. Adjust PI (from part c) as required to obtain DI.​

Answer 1

Explanation:

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