An Open Economy's GDP Is Always Given by

question 90

Multiple Choice

An open economy's GDP is always given by

• 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:

Transfer Pricing Formula

A set of methods or calculations used to determine the price for goods and services transacted between controlled or related legal entities within an enterprise.

Durian Juice Concentrate

A thick liquid made by removing most of the water from durian fruit juice, used as a base in food products and beverages.

Variable Production Cost

Costs that vary in direct proportion to changes in levels of production, such as materials and labor directly involved in manufacturing.

External Suppliers

Companies or individuals outside a company that provide goods or services to the company.