Suppose GDP = $12,000, C = $9,600, G = $400, and NX = $320.
What is I ?
If exports equal $1,400, what are imports?
If taxes equal $800 and transfer payments equal $480, what is the
government’s deficit equal to? What are private savings equal to?
If U.S. citizens earn $1,600 abroad and foreigners (individuals
and corporations) working in the United States earn $600, what is
GNP ?
If indirect business taxes equal $280 and depreciation equals
$300, what is the net national product (NNP) and the national
income (NI)?