What Is the Formula for an Open Economy's GDP

question 154

Multiple Choice

What is the formula for an open economy's GDP?

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

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Definitions:

Mate Choice Criteria

The qualities or characteristics individuals look for in potential breeding partners, influenced by evolutionary, social, and personal factors.

Financial Resources

Assets, capital, or funds that an individual or organization has available for spending or investment.

Passionate Love

A state of intense longing for union with another, characterized by the experience of excitement and fulfillment in the presence of a loved one, and distress during periods of separation.

Societally-Recognized

Societally-recognized refers to being acknowledged or validated by society or its major institutions, often related to roles, achievements, or statuses.