What is the value of net private domestic investment? Compute the GDP using the expenditures approach. Compute the GDP using the income (value added) approach.

Principles of Economics

ECONOMICS 200 PRINCIPLES OF MAETITTECONOMR.5
NATIONAL INCOME AND PRODUCT
All figures in billions of dollars
Net income payments to the rest of the world.$0 Personal consumption expenditures $ 11,650 Government purchases ..3,150 Depreciation allowances 2,650 Personal taxes • 1,610 Rents 600 Imports 2,800 Exports 2,300 Taxes on production and imports 1,150 Net interest. 450 Proprietors’ income 1,300 Gross private domestic investment 2,850 Employee compensation 8,900 Corporate profits.. 2,100
Note: There-may be information in the table that is not used in this problem.

1. Compute the GDP using the expenditures approach. Clearly shov■i hmti you arrived at your answer in the space below:
2. Compute the GDP using the income (value added) approach.
Clearly show how you arrived at your answer in the space below:
3. What is the value of net private domestic investment?