Which of the Following Equations Will Always Represent GDP in an Open

question 71

Multiple Choice

Which of the following equations will always represent GDP in an open economy?

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

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Definitions:

Mixed Feelings

A state of having simultaneous conflicting reactions, beliefs, or feelings towards a person, situation, or idea.

Fromm

Erich Fromm was a psychoanalyst and social psychologist who explored the interaction between psychology and society, and emphasized the need for human freedom and true self-expression.

Character Orientation

A concept, often discussed in psychological contexts, that refers to the persistent direction of an individual's character in interacting with the world, including tendencies toward productivity, conformity, or destructiveness.

Fromm

A thinker and therapist who explored human freedom, ethics, and society’s impact on personality development, advocating for a balance between autonomy and belonging.