What is the formula for a closed economy's GDP?
A) Y = C + I + G
B) Y = (C - T) + I + G
C) Y = C + I + G + S
D) Y = C + I + G + NX
Correct Answer:
Verified
Q72: A country has $30 million of domestic
Q73: Which of the following might part of
Q74: What is the formula for investment in
Q75: Which of the following best describes the
Q76: The country of Sophilia has a GDP
Q78: What is the formula for national saving?
A)
Q79: A country has $240 million of net
Q80: What equation is the GDP identity in
Q81: If a country has business opportunities that
Q82: What does a trade surplus imply?
A) saving
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents