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Aggregate expenditure in an open economy equals a) C + I + G + S - M b) C + I + G + T - M c) C + I + G + (X - M) d) C + I + G + (M - X)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Aggregate expenditure in an open economy equals

a) C + I + G + S - M

b) C + I + G + T - M

c) C + I + G + (X - M)

d) C + I + G + (M - X)

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