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The Expenditures Approach – Gross versus Net Investment Exercise 2Suppose an economy starts the year with $100 million in capital, and during the course of a year, it adds $20 million of gross investment. Economists estimate that the depreciation rate for this economy is 9% per year.a. Calculate depreciation and net investment for this economy.Depreciation: $ ________ millionNet investment: $_______ millionb. Now calculate the amount of next year’s beginning capital stock for this economy.$ _________ millionThe Expenditures Approach – Net Exports Exercise 2The table below shows nominal GDP, exports, and imports for the United States.YearNominal GDP(billions of dollars)Exports(billions of dollars)Imports(billions of dollars)2013$17,078.3$2,324.6$2,787.52014 17,703.7 2,352.3 2,901.5Instructions: Round your answers to 1 decimal place. Include a negative sign if necessary.a. Calculate the value of net exports in 2013. $ ________ billionb. Calculate the value of net exports in 2014. $ ________ billion