Which of the Following Equations Represents the GDP in an Open

question 31

Multiple Choice

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

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

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Definitions:

At-Will Employment

A type of employment arrangement where either the employer or the employee can terminate the employment at any time, for any reason, provided it's not illegal.

Employee

An individual who is hired by an employer to perform a specific job or task and is paid a wage or salary in return.

Quit

To leave or discontinue a process, job, or action.

At-Will Employee

An employment arrangement where either the employer or the employee can terminate the employment relationship at any time and for any reason, except an illegal one.