Which of the following is TRUE of an open economy?GDP = C+I+G+X- IMO GDP = C+ I+GGDP = T- TR -GGDP = SPrivate + SGovernment%3D

Answered: Which of the following is TRUE of an…

Which of the following is TRUE of an open economy? O GDP = C+ I+G+X-IM O GDP = C+ I+G O GDP = T- TR-G GDP = SPrivate + SGovernment

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

Which of the following is TRUE of an open economy?
GDP = C+I+G+X- IM
O GDP = C+ I+G
GDP = T- TR -G
GDP = SPrivate + SGovernment
%3D

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