(Advanced analysis) Answer the question on the basis of the following information for a private open economy.The letters Y,C,Ig,X,and M stand for GDP,consumption,gross investment,exports,and imports respectively.Figures are in billions of dollars. Refer to the information.International trade in this case:
A) has an expansionary effect on GDP.
B) has a contractionary effect on GDP.
C) has no effect on GDP.
D) is causing inflation in this economy.
Correct Answer:
Verified
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