Explain why the multiplier in an open economy is different from the multiplier in a closed

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP. Thomas buys a new house

In the small closed economy of Bonretia, the currency is the denar. Statistics for last year show that private saving was 50 billion denars, taxes were 40 billion denars, government purchases of goods and services were 30 billion denars, there were 20 billion denars in transfer payments by the government, and GDP was 70 billion denars. What were consumption and investment in San Bonretia? Please read carefully before solve

In a closed economy, savings and investments are interacted/coordinated. Who are savers and investors in this closed economy? How does financial (capital and money) market work? How does crowding out happen? Briefly discuss, by using I, S, G, T, X, M, how the scenario change when the economy is OPEN.