1. Which government department produces the National Income and ProductAccounts?
2. Investment Spending versus Intermediate Goods. A publisher buyspaper,ink, and computers to produce textbooks. Which of these purchases are included in investment spending and which are intermediategoods?
3. What do we add to GDP to reachGNP?
4. Calculating RealGDP,PriceIndices,and Inflation. Using the data from the tablebelow,answer the followingquestions:Quantities ProducedPricesCDsTennis Rackets Price per CD Price per Tennis Racket2011 105105210210$2121$1001002012 130130230230$2626$125125Real GDP in 2011 using 2011 prices is $23205(Enteryour response as aninteger.)Real GDP in 2012 using 2011 prices is