In Which of the Following Situations for a Mixed Open

question 235

Multiple Choice

In which of the following situations for a mixed open economy will the level of GDP expand?

• A)when I_g + X + G exceeds S_a + M + T
• B)when S_a + T + M exceeds I_g + G + X
• C)when domestic output exceeds C_a + I_g + G + X_n
• D)when I_g + M + T exceeds C_a + X + S

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Definitions:

Utility Cost

The expense incurred for using utilities such as electricity, water, and natural gas in a business operation.

Total Cost

The sum of all costs associated with the production and delivery of a company's products or services, including both fixed and variable costs.

Manufacture Units

The process of converting raw materials into finished goods on a large scale, measured by units produced.

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the square of the differences between observed values and values predicted by a linear function.