The table shows national accounts data for an economy.
| Item (one year) |
$ billion |
| Household consumption spending |
1,400 |
| Gross private investment (including a $50 billion increase in inventories) |
400 |
| Government purchases of goods and services |
500 |
| Government transfer payments (social security, unemployment benefits) |
300 |
| Exports of goods and services |
250 |
| Imports of goods and services |
300 |
| Household purchases of existing company shares |
120 |
| Net factor income from abroad |
−40 |
Using the expenditure approach, what are the economy’s GDP and GNP?
Select one option.