GDP The year's data for the country Stuffland. Consumer spending $6.5 billion Government spending $2 billion Wages, business owner income, and corporate profits $6 billion Business investment $1.5 billion Exports $1.5 billion Taxes $1.5 billion Rents to households $1 billion Imports $2.5 billion Interest payments on capital loans $0.5 billion Using the data above, you can calculate the GDP for Stuffland using either the income approach or the expenditures approach. To review the formulas, go ahead and calculate using each one. Expenditures Approach Y = C+1+G+XN Income Approach GDP = Wages (for labor) + Rent (for land) + Interest payments (for capital loans) + Proprietor income + Corporate profits + Taxes