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Unformatted text preview: 1933) Per Capita 22,400/9 = $2,488 (5x more stuff per person today vs. 1933) GDP – Domestic Product-Depreciation _________________ NDP – Net Domestic Product – the net output we could produce without reducing our production. If we want to maintain our production we much: Investment = Depreciation NDP + Net Foreign Factor Income – could be negative if the flow out of the country by foreign workers _________________ NI – National Income is the income earned by our factors of production-Indirect Business Tax-Corporate Tax-Retained Earnings-Social Security Taxes + Transfer Payments + Net Interest __________________ Personal Income Personal Income-Personal Taxes _________________ Disposable Income – goes to two things Y D (Disposable Income) = C (consume it) + S (save it)...
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