-Refer to the above diagram.If net exports are X n2,the GDP in the open economy will exceed GDP in the closed economy by:
Definitions:
Freight Order Billing
The process of issuing invoices for the transportation services provided for shipping goods, based on agreed terms such as weight, distance, and type of goods.
Purchase Order
A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Receiving Report
A document used by a company to record the receipt of purchased goods, verifying that the goods have been delivered as per the purchase order.
Invoice
A document issued by a seller to a buyer, detailing products or services provided, amounts owed, and payment terms.
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