6. Critical analysis Q15

The following table presents hypothetical 2020 data for the national-income accounts of the United States.

Indicate the various expenditures used to determine GDP under the expenditure approach. Then indicate the various income payments and indirect costs used to determine GDP under the resource cost-income approach.

Component	Billions of Dollars	Expenditure approach	Resource cost-income approach
Personal Consumption	14,562.70
Employee Compensation	11,420.90
Rents	777.90
Govt Consumption & Investment	3,753.00
Imports	3,136.10
Depreciation	3,568.20
Corporate Profits	2,074.60
Interest Income	644.90
Exports	2,471.30
Gross Private Investment	3,743.90
Indirect Business Taxes	1,578.60
Self-Employment Income	1,658.20
Net Income of Foreigners	-328.00

Using the expenditure approach, GDP is

.

Using the resource cost-income approach, GDP is

.