Question

How to find National Income from Rent 30, gov. final consumption expenditure 70, private final consumption expenditure 400 , net factor income from abroad -5, Exports 10,gross domestic capital formation 60, Indirect tax 50, Imports 15, subsidies 5, consumption of fixed capital 20

Answer 1

If imports are cut back, they say, the jobs and income generated by producing for Ameircan consumers will be miraculously transferred from foreign to U.S. firms. ... Intent: After a decade of worry about our low level of net private domestic investment (6.9 percent of GNP from 1970 to 1979) and an unsustainable real decline ...