Which of the Following Equations Will Always Represent GDP in an Open

question 71

Multiple Choice

Which of the following equations will always represent GDP in an open economy?

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

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Definitions:

Method Of Frequency

The method of frequency involves analyzing data to determine how often different values occur, thereby identifying patterns or trends within the data set.

Equally Likely

Having the same probability or chance of occurring as another event or outcome, neither more nor less probable.

Counting Method

A mathematical technique used to determine the total number of possible outcomes in a given situation.

Count And Divide

A method involving enumeration and separation into parts or groups, typically used for analytical or problem-solving purposes.