Which of the Following Is the Correct Representation of GDP

question 42

Multiple Choice

Which of the following is the correct representation of GDP (Y) in an open economy?

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

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Definitions:

Biological Parents

Individuals who have contributed their genetic material to the creation of an offspring.

Social Intelligence

The ability to understand and navigate social situations effectively, including understanding others' feelings and motives.

Sensitive

Capable of detecting or responding to slight changes, signals, or influences.

Accepts Others

This refers to the ability or tendency of an individual to be open, accepting, and non-judgmental towards others' differences, opinions, behaviors, and backgrounds.