3. Exhibit 2: U.S. Consumption Depends on Disposable Income
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17. Exhibit 6: Rate of Return on Golf Carts and the Opportunity Cost of Funds
18.
19.
20.
21.
22. Exhibit 8: Planned Investment Function 1.0 0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 Real disposable income (trillions of dollars) I The horizontal investment functions imply that planned investment does not vary with real disposable income, it is autonomous Real planned investment ( trillions of dollars) 1.1 I" 0.9 I'
23.
24.
25. Exhibit 9: Annual Percentage Change in U.S. Real GDP, Consumption, Investment