In a simple economy, calculate gross domestic product using the following figures. (Not all variables need to be used, an extra variable may be given.) a. Calculate by spending approach. b. Calculate with income approach. Consumption 9500 Investment 3000 Wear 1750 Profits 2400 Exports 850 Payments to employees 11500 Government purchases 3200 Direct Taxes 1200 Savings 1600  Imports 900

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