Govermment Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income eamed overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 1. GDP at Market Price Y=C+I+G+(X-M) (C-consumption, I-investment, G- government spending, X-export, M-import) Year 1 Year 6 Year 9

Govermment Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income eamed overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 1. GDP at Market Price Y=C+I+G+(X-M) (C-consumption, I-investment, G- government spending, X-export, M-import) Year 1 Year 6 Year 9

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 5CQQ

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