This test: 111 point(s) possible E Test: Problem Set 4 (Unit 1--GDP) Question 15 of 22 This question: 8 point(s) possible GDP = $ Billion Use the data below to calculate GDP using the income approach. (I intentionally left out some of the expenditure categories so that you must use the income approach) All figures are in billions of dollars: Gross Private Domestic Investment 802.7 Proprietor's Income 412.5 Dividends 181.2 Wages and Salaries 3585.7 Undistributed Corporate Profits 89.1 Corporate Income Taxes 115.2 Imports 631.2 Government Expenditures 1236.6 Rents 63.3 Transfer Payments 684.7 Exports 594.2 Indirect Business Taxes 426.9 Consumption of fixed capital (depreciation) 718.5 Net foreign factor income earned in the U.S. 34.7 Social Security Contributions 448.4 Interest 434.6 Personal Taxes 602.9