In Which of the Following Situations for a Mixed Open $\text { when } I _ { g } + X + G \text { exceeds } S _ { a } + M + T$

question 102

Multiple Choice

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

• A) \(\text { when } I _ { g } + X + G \text { exceeds } S _ { a } + M + T\)
• B) \(\text { when } S _ { a } + T + M \text { exceeds } I _ { g } + G + X\)
• C) \(\text { when GDP exceeds } C _ { a } + I _ { g } + G + X _ { n }\)
• D) \(\text { when } I _ { g } + M + T \text { exceeds } C _ { a } + X + S\)

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Definitions:

Marginal Cost

The cost increase resulting from the production of an extra unit of a product or service.

Part-Time Business

A venture or enterprise operated on a less than full-time basis, often alongside another job or personal commitments.

Marginal Cost

The cost added by producing one additional unit of a product or service, focusing on how cost changes with variations in output level.

Marginal Benefit

The increased enjoyment or advantage received from the consumption of one extra item of a good or service.