Question 3. GDP by expenditure and by income method (a) You have the following data from the national accounts: the private consumption is 8, the public spending 4, the sales tax is 2, the investment exceeded the depreciation threefold, 9 to 3, the wage income was 12. However, $1 of the national income came in net factor income from abroad. Imports exceeded exports by $2. Find the capital income in the economy.

Question 16 The measure of production that values output using a base year (constant price) is called:     real GDP.     nominal GDP.     value added GDP.     underground GDP.

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4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) 13,321.4 Investment (I) 3,368.0 Exports (X) 2,350.2 Imports (M) 2,928.6 Net Exports of Goods and Services Government Purchases (G) 3,374.4 Gross Domestic Product (GDP)