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 .............................................. $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
Imports ............................................................ 900