Tải bản đầy đủ - 0 (trang)
Figure 18.3 (Macro 5) Government Purchases, Investment, and Consumption as a Share of GDP

Figure 18.3 (Macro 5) Government Purchases, Investment, and Consumption as a Share of GDP

Tải bản đầy đủ - 0trang

Net exports (X)

• Net exports (exports and imports), or the

trade balance, is included to account for

imported consumption and investment items

and for items exported from the United

States that are not counted in the

consumption, investment, or government

spending parts of GDP.



Copyright © 2001 by H



14



Expression for GDP

• The relation between GDP and its

spending components is the familiar

Y = C + I + G + X equation.

• What is the share of net exports, if the

share of C, I, and G are 68, 18, 18 percent,

respectively?



Copyright © 2001 by H



15



Figure 18.4

(Macro 5)

The Circular Flow of Income and Expenditure



Copyright â 2001 by H



16



The income approach

The income approach divides GDP

according to who receives the income from

the spending flow. In addition to aggregate

income, national income and personal

income are also used as measures of

income.



Copyright © 2001 by H



17



Tài liệu bạn tìm kiếm đã sẵn sàng tải về

Figure 18.3 (Macro 5) Government Purchases, Investment, and Consumption as a Share of GDP

Tải bản đầy đủ ngay(0 tr)

×