Choose the correct equation of GDP If Y, C, I, G & NX respectively stands for GDP, consumption, Investment, Government Purchase, & Net Exports a. Nx=¢+1+6+Y b. G=C+1+Y+Nx c. CY-C+I+G+NX d. Y= C++G
Choose the correct equation of GDP If Y, C, I, G & NX respectively stands for GDP, consumption, Investment, Government Purchase, & Net Exports a. Nx=¢+1+6+Y b. G=C+1+Y+Nx c. CY-C+I+G+NX d. Y= C++G
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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Question 08
.Choose the correct equation of
Purchase, & Net Exports
a. Nx=¢+1+6+Y
b. G=C+1+Y+Nx
c. CY-C+I+G+NX
d. Y= C++G
and give me explanation
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