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Accounting Source: Authors computations using National Income and Product Accounts data. Notes: The figure reports decennial averages (that is, 197079 is the average for years

Accounting Source: Author’s computations using National Income and Product Accounts data. Notes: The figure reports decennial averages (that is, 1970–79 is the average for years 1970, 1971, through 1979). Foreign profits include dividends on foreign portfolio equities and income on US direct investment abroad (distributed and retained). Profits are net of interest payments, gross of US but net of foreign corporate income taxes.

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