Question
Exhibit 7-4 (billions of dollars) Gross investment$70 Depreciation$30 Net exports (exports minus imports)-$10 Government purchases$60 Consumption$300 Indirect business taxes (net of subsidies)$25 Income earned but
Exhibit 7-4
(billions of dollars)
Gross investment$70
Depreciation$30
Net exports (exports minus imports)-$10
Government purchases$60
Consumption$300
Indirect business taxes (net of subsidies)$25
Income earned but not received$50
Income received but not earned$60
Personal income taxes$20
Net earnings of American resources abroad$10
In Exhibit 7-4, National Income equals
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
2nd Edition
0324113641, 9780324113648
