(to repair a hole in the roof or a pipe or to replace a worn-out automobile, computer, machine, or what have you). The difference is important, because annual capital depreciation in the developed economies is on the order of 10–15 percent of national income and absorbs nearly half of total savings, which generally run around 25–30 percent of national income, leaving net savings of 10–15 percent of national income (see Table 5.3).
