Question: 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

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 incomeapproach). Then calculateNDP, NI,PI, and DI.(All figures are in billions ofdollars):

Gross Private Domestic Investment

844.8

Proprietor's Income

416.4

Dividends

174.5

Wages and Salaries

3766.4

Undistributed Corporate Profits

71.3

Corporate Income Taxes

137.3

Imports

639.2

Government Expenditures

1250.1

Rents

50.1

Transfer Payments

659.1

Exports

595.8

Indirect Business Taxes

445.9

Consumption of fixed capital(depreciation)

720.2

Net foreign factor income earned in the U.S.

33.3

Social Security Contributions

454.2

Interest

436.4

Personal Taxes

605.3

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