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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.
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