Economics

Personal consumption expenditures $245
Net foreign factor income 4
Transfer payments 12
Rents 14
Statistical discrepancy 8
Consumption of fixed capital (depreciation) 27
Social Security contributions 20
Interest 13
Proprietors’ income 33
Net Exports 11
Dividends 16
Compensation of employees 223
Taxes on production and imports 18
Undistributed corporate profits 21
Personal taxes 26
Corporate income taxes 19
Corporate profits 56
Government purchases 72
Gross private domestic investment 60
Personal saving 20

Using the table above, calculate Gross Domestic Product using the expenditures approach.

GDP =

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