According to the Expenditure Approach,if Y Is GDP,C Is Consumption,I

question 82

Multiple Choice

According to the expenditure approach,if Y is GDP,C is consumption,I is investment,G is government purchases,and NX is net exports,the national income identity can be written as:

• A)Y + C - G = I + NX.
• B)Y - C = I + G - NX.
• C)Y - C - G - I = NX.
• D)Y = (C + I + G)/NX.
• E)Y = C + I + G.

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Definitions:

Dominant Strategy

A tactic in game theory that remains optimal for an individual, irrespective of the choices made by their counterparts.

Annual Profits

The total profit a business earns over one financial year, calculated as the difference between its revenue and expenses during that period.

Good Quality Product

A product that meets or exceeds customer expectations in terms of durability, reliability, functionality, and satisfaction.

Tit-for-Tat Strategy

A cooperative strategy in game theory where a player's move is to replicate the opponent's previous action, often used in repeat interaction settings to promote cooperation.