The Equilibrium Level of National Income in an Open Economy

question 1

Multiple Choice

The equilibrium level of national income in an open economy is given by:

• A)I + X = S + M
• B)X - M = S - I
• C)I + (X-M)= S
• D)all of the above

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Definitions:

Program Strategies

Approaches designed to achieve specific goals within an organization or initiative.

Strategic Planning Model

A systematic process used by organizations to envision a desired future and translate this vision into broadly defined goals and a sequence of steps to achieve them.

Nonprofit Organization

An entity that operates for the public or societal benefit rather than for the purpose of making profits for owners or shareholders, and which typically enjoys certain tax exemptions.

Capacity Elements

Components or factors that determine the capability of an individual or organization to achieve its objectives.