What Is the Formula for an Open Economy's GDP

question 147

Multiple Choice

What is the formula for an open economy's GDP?

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

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Definitions:

Coding

In healthcare, it often refers to the process of assigning standardized codes to diagnoses, treatments, and procedures documented in patient records for billing and data analysis.

Index Identifier

A unique symbol or name used to reference a specific position or element in a list, database, or similar data structure.

Subjective Statement

An assertion based on personal opinions, feelings, or tastes, rather than on external facts or evidence.

Tickler File

An organizational system used to remind individuals of tasks, deadlines, or important dates, often structured as a series of folders or digital alerts.