Which of the following is TRUE of an open economy? GDP=C+I+G+X-IM OGDP=C+1+G OGDP=T-TR-G GDP = Sprivate + SGovernment

Identify the components of change in the contemporary global economy

Answer These Three Sub Parts i) In an open economy, Y = C + I + G + NX. Using symbols from this identity, write anexpression that defines national saving, S, in an open economy.S = _________________________ .  ii) True or False? In an open economy, the following is always true: S = I + NCO, where I isinvestment spending and NCO is net capital outflow.  iii)  In an open economy, a country’s net capital outflow is:a.) the value of domestic assets purchased by foreigners minus the value of foreign assetspurchased by domestic residentsb.) the value of foreign assets purchased by domestic residents minus the value of domesticassets purchased by foreigners.

Why are business investments and consumption important to evaluate the economic situation of a country?