7) The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies -550 440 1650 2200 440 Rental income of individuals plus implicit rent on owner-occupied housing 220 Wages, salaries, employee compensation 6600 Personal consumption expenses 7700 Depreciation Proprietorial income Corporate profits 880 1100 1080

7) The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies -550 440 1650 2200 440 Rental income of individuals plus implicit rent on owner-occupied housing 220 Wages, salaries, employee compensation 6600 Personal consumption expenses 7700 Depreciation Proprietorial income Corporate profits 880 1100 1080

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 8SCQ: State whether each of the following events Involves a financial flow to the U.S. economy or away...

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