Which of the Following Equations Will Always Represent GDP in an Open

question 71

Multiple Choice

Which of the following equations will always represent GDP in an open economy?

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

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Definitions:

Rules

Prescribed guidelines for conduct or action within a particular context or system, often governing behavior and processes.

Attributes

Characteristics or features that help in distinguishing or describing an object, concept, or entity.

Phonemes

The basic units of sound in a language that distinguish one word from another; for example, the sounds that make the difference between "bat" and "pat."

Universal Helplessness

A belief that environmental forces produce failure and result in helplessness.