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(Expenditure ((G) Government (payroll, schools, goods), (C) Consumption…
Expenditure
(C) Consumption
Services
Goods
Durable
Nondurable
I(g) Gross
investment
Financial :red_cross:
Machinery
(G) Government
payroll
schools
goods
Xn Net Exports
Exports-Imports
Formula
C+G+Ig+Xn
I(n)
I(n) = Gross - Depreciation
+ve
Expand
-ve
dis investing
+/-
Static
Income :<3:
Wages + Rents + Interest + Profits = NI
NI + Taxes + Depreciation = GNP
GNP vs. GDP :<3:
GDP
GNP - Net Foreign
GNP
GDP + Net Foreign
Nons
Non-Production
Non-Investment
Non-Market
Corporate Profit
income tax
dividends
undistributed
