According to the Expenditure Approach, If Y Is GDP, C $Y = C + I + G$

question 92

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) \(Y = C + I + G\)
• B) \(Y = C + I + G - N X\)
• C) \(Y + C = I + G + N X\)
• D) \(Y = ( C + I + G ) / N X\)
• E) \(Y = C + I + G + N X\)

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Definitions:

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The ability to use the English language effectively and accurately in communication.

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Refers to a labor market situation where the number of jobs available is sufficient for the workforce seeking employment.

Poverty

A condition where individuals or communities lack the financial resources to meet basic living necessities such as food, shelter, and healthcare.

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The income of the household lying at the exact middle of the income distribution.