Consider the following hypothetical data for the U.S. economy in 2020 (in trillions of dollars), and assume that there are no statistical discrepancies, zero net incomes earned abroad, and zero taxes on production and imports of net subsidies.

Category Value

Corporate profits before taxes deducted $2.5

Proprietorial income 0.7

Rent 0.5

Interest 0.8

Wages 8.1

Depreciation 1.5

Consumption 10.9

Category Value

Exports $1.4

Net transfers and interest earnings 2.2

Nonincome expense items 1.6

Imports 1.8

Corporate taxes 0.5

Social security contributions 2.1

Government spending 1.8

a. Calculate the gross domestic income. $ TBD trillion (Enter your response rounded to one decimalplace.)

Calculate GDP. $ trillion.(Enter your response rounded to one decimalplace.)