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

Understand the principle of promissory estoppel and its relationship with the concept of consideration in contract law.

Analyze the limitations and conditions under which promissory estoppel is available as a defence or claim in contract disputes.

Apply the concept of promissory estoppel to real-life contractual disputes and assess the potential outcomes.

Evaluate the legal obligations and rights arising from verbal agreements and modifications to existing contracts.

---

Definitions:

Aggressive System

A pattern or mechanism within a system (social, biological, or psychological) that leads to aggressive behaviors or responses.

Snide Comments

Sarcastic or mocking remarks meant to insult or undermine someone.

Strong Feelings

Intense emotions that are passionately or deeply experienced, often influencing behavior and thought processes.

Conflict Metaphors

Figurative language used to describe or conceptualize conflict, often framing it in terms of war, games, or natural disasters.