Which of the Following Equals Demand in an Open Economy

question 1

Multiple Choice

Which of the following equals demand in an open economy?

• A)C + I + G + X
• B)C + I + G + X - IM
• C)C + I + G + IM - X
• D)C + I + G

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Definitions:

Description

The act of providing details or characteristics of someone or something to give a clear picture.

Organization

pertains to a structured group of people with specific roles and duties working together to achieve common goals or objectives, often in a coordinated and systematic manner.

Direction

Guidance or supervision on how to perform tasks or the course along which something moves or is aimed to move.

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when holding contradictory beliefs and are motivated to reduce this dissonance by changing their attitudes or behaviors.