Which of the following equations represents the GDP in an open economy?
A) Y = C + I + G
B) S = I - G
C) Y = C + I + G + NX
D) I = Y - C + G

Name: Which of the following equations represents the GDP in an open economy? A) Y = C + I + G B) S = I - G C) Y = C + I + G + NX D) I = Y - C + G
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Question

Which of the following equations represents the GDP in an open economy? 
A) Y = C + I + G
B) S = I - G
C) Y = C + I + G + NX
D) I = Y - C + G

Quizplus · Accepted Answer

Y (GDP) in an open economy includes domestic consumption (C), domestic investment (I), government spending (G), and net exports (NX). Therefore, the equation Y = C + I + G + NX represents the GDP in an open economy.

Which of the Following Equations Represents the GDP in an Open