Which of the following can be used to measure the Gross National product in an open economy?
a
C+I+G+(X+M)
b
C+I+G+X
c
C+I+G
d
C+I+G+(X-M)
Explanation
Correct Option
dVideo Explanation
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Discussions (3)
Augusti
10 years ago
That is wrong! The answer you posted is for a closed economy, ie. an economy which trading is not done inter-nationally - export(X) and import(M) , but for an open economy: the one that trades with other nations is D. Please, Myschool correct this so as not to mislead students
