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

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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