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a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are indirect taxes. Calculate gross domestic product

a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are indirect taxes. Calculate gross domestic product for the following set numbers. Show that the expenditure approach and income approach add up to the same figure

Consumption$ 9,500

Investment$ 3,000

Depreciation$ 1,750

Profits$ 2,400

Exports$ 850

Compensation of employees$ 11,500

Government Purchases$ 3,200

Direct taxes$ 1,200

Saving$ 1,600

Imports900

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