Personal Consumption expenditure 245 Net factor income from abroad 4 Transfer

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Personal Consumption expenditure 245 Net factor income from abroad 4 Transfer payments to house holds 12 Rents 18 Consumption of fixed capital(D) 27 Social Security contributions 20 Interest 13 Proprietor’s income 33 Net exports 11 Dividends 16 Compensation of employees 223 Indirect Business Taxes 18 Undistributed Corporate Profits 21 Personal Taxes 26 Corporate income taxes 19 Government purchases 72 Net private domestic investment 33 Personal saving 28 a) GDP by both the expenditures and income approach. b) GNP and NNP c) NI in two ways i. By adding up the types of income which make up NI ii. By making the required additions and/or subtractions from NNP. d) PI, and DI

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