All Questions
3 questions
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GDP and Imports in the Keynesian Cross model and beyond
I understand that when calculating GDP by spending, Imports are subtracted because we can't distinguish between the domestic and the imported components of C, I, and G.
But in the Keynesian Cross ...
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Connection between saving and investments-Y=C+I+G+NX [duplicate]
I understand
Y-G-C = I+NX = Savings . The equation that we see everywhere in economic textbooks. I see the mathematical logic.
BUT
Given that I = capital investment in GDP accounting surely Savings ...
- 405
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Which one of these intepretations of belonging of a factor of production is correct in context of calculating "income of our citizens abroad"?
NFFI can be calculated as income of foreigners here MINUS income of our citizens/corporations abroad. As far as I understand, it's assumed that our citizens earn income by using OUR factors of ...
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