Exhibit 7-4

-In Exhibit 7-4,National Income equals

Name: Exhibit 7-4 -In Exhibit 7-4,National Income equals
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Question

Exhibit 7-4
 
-In Exhibit 7-4,National Income equals

Quizplus · Accepted Answer

National Income is equal to Consumption + Investment + Government Spending + (Exports - Imports). In Exhibit 7-4, Consumption is $250 billion, Investment is $70 billion, Government Spending is $55 billion, and (Exports - Imports) is $0 billion. Therefore, National Income is $250 billion + $70 billion + $55 billion + $0 billion = $375 billion.

Exhibit 7-4 -In Exhibit 7-4,National Income Equals