In an open economy, in the context of savings and investment which of the following is true? Group of answer choices 1.1 - S = (T - G) + (M - X) 2.1 = S + (T - G) + (M - X) 3.if I> S and government budget is balanced then X < M 4.all of the above. %3D

In an open economy, in the context of savings and investment which of the following is true? Group of answer choices 1.1 - S = (T - G) + (M - X) 2.1 = S + (T - G) + (M - X) 3.if I> S and government budget is balanced then X < M 4.all of the above. %3D

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

In an open economy, in the context of savings and
investment which of the following is true?
Group of answer choices
1.1 - S = (T - G) + (M - X)
2.1 = S+ (T - G) + (M - X)
3.if I > S and government budget is balanced then X
< M
4.all of the above.

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