National Income: Where t comes From and where丨 t Goes A large income is the best recipe for happiness I ever heard of. Jane Austen The most important macroeconomic variable is gross domestic product(GDP) As we have seen, GDP measures both a nations total output of goods and ser- vices and its total income. To appreciate the significance of GDP, one need only take a quick look at international data: compared with their poorer counterparts, nations with a high level of gDP per person have everything from better child-
9.1 Introduction Richard C. Dorf 9.2 Three-Phase Connections University of California, Davis 9.3 Wye Delta Transformations 9.1 Introduction Two very important two-ports are the T and II networks shown in Fig. 9.1. Because we encounter these two
