To move from GDP to GNP we must add to GDP the
Depreciation of plant and equipment
Subsidies minus taxes
Net property income from abroad
Taxes minus subsidies
Nominal GNP measure income
At the present time
Corrected for changes in interest
At current prices
In a macroeconomic model without foreign trade or a government, aggregate demand is the sum of
Personal saving and private investment
Personal saving and persoanl consumption
Personal consumpton and private investment
Private investment and private consumption
Mountains and rivers are
National capital
National wealth
International capital
An existing deflationary gap will be further increased by whihc two of the following
A fall in exports
A rise in tax revenue
A rise in government spending
