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In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes.

In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of numbers. Show that the expenditure approach and the income approach add up to the same figure.
Consumption                  $ 5,000
Ivestment                      1,000
Depreciation                     600
Profits                          900
Exports                          500
Compensation of employees      5,300
Government purchases           1,000
Saving                         1,100
Imports                          700

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