Which of the Following Equations Represents GDP for an Open

question 59

Multiple Choice

Which of the following equations represents GDP for an open economy?

• A)Y = C + I + G + NX
• B)NX = I - G
• C)I = Y - C + G + NX
• D)Y = C + I + G

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Definitions:

Social Capital

The networks, relationships, and norms that facilitate collective action and cooperation within a community.

Tethers

Cords, ropes, or chains by which an object, animal, or person is attached to a specific point, limiting their range of movement.

Bonds

Fixed-income investments where an investor loans money to an entity (typically corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.

Networking Group

A collective of individuals or organizations that come together to share information, resources, and support to enhance professional connections.