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Q.1 The following is a list of national income accounts of Pakistan for a given year. All figures are in billions. Transfer payments by the government 586 Rental income of houschold sector. 200 Imports 594 Personal consumption expenditure 3227 Gross investment 766 Interest income eaned by household sector 211 Proprietor's Income 325 Social security contribution by households 290 Compensation to employees 2845 Dividends 126 Exports 500 Sale Taxes 392 Saving by business sector 57 Government purchases of goods and services 964 Personal income taxes 590 Net private investmet 260 Saving by households 146 Interest paid by the household 100 Corporate profit tax 141 Net income earned by foreign factor of production in Pakistan 60 Calculate GDP by expenditure approach and then GNP, NNP, NI, PI and DI. Also calculate only national income by factor cost (income) approach.
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