Which of the Following Equations Represents GDP for an Open

question 59

Multiple Choice

Which of the following equations represents GDP for an open economy?

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

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Definitions:

Ethnically Diverse

Characterized by a variety of different ethnic backgrounds within a group or organization.

Higher-Quality Ideas

Higher-quality ideas refer to concepts or solutions that are superior in innovation, effectiveness, or efficiency, often resulting in better outcomes.

Ambiguous Goals

Objectives that lack clarity and specificity, making it difficult to understand or achieve them.

Passive Members

Individuals within a group or organization who participate minimally and engage less actively in decision-making or activities.