Use an Android tablet as a Wacom drawing tablet for a PC?

Since a nice Wacom tablet is a bit pricey, especially for someone like me who doesn't do much graphic editing, I was wondering if it is possible to use a tablet (i.e. my Nexus 7) as a Wacom-esque drawing tablet when connected to a Linux computer? I did a bit of searching, however most of the info I found is for using a Wacom tablet on an Android device. I've never used a Wacom device, however I have been doing some graphic editing in Gimp, and think it would be much easier than just using a mouse. And since I have a Nexus 7, it seemed like the logical place to start. I would have to use the Nexus as a USB peripheral for the computer, and I don't know if it is possible to transmit the touch screen coordinates to the PC. If anyone can point me in the right direction, I'd appreciate it!