For an Open Economy,which of the Following Expressions Represents Saving

question 34

Multiple Choice

For an open economy,which of the following expressions represents saving (S) ?

• A)I + T - G + NX
• B)I + T - G - NX
• C)I + G - T + NX
• D)G - T + NX - I
• E) none of the above

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Definitions:

Line Segment AB

A part of a line that is bounded by two distinct end points, specifically points A and B, and contains every point on the line between A and B.

Techniques of Production

The methods and processes used in the making of goods or services, involving the combination of labor, materials, machinery, and technology.

Government Oversight

A process by which government bodies monitor and regulate the activities and operations of various sectors and organizations to ensure compliance with laws and regulations.

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan payments.