Let C represent consumption expenditure, S saving, I gross private domestic investment, G government expenditure on goods and services, and X - M net exports of goods and services. Then GDP equals
A) C + S + G + X - M.
B) C + S + G - X - M.
C) C + I + G + X - M.
D) C + I + G - X - M.
C
Economics
You might also like to view...
Imports ________ society's total surplus because of the ________ in price and ________ in consumption
A) increase; rise; increase B) increase; rise; decrease C) decrease; fall; increase D) decrease; fall; decrease E) increase; fall; increase
Economics
Why is the minimum of the average variable cost curve called the shutdown point?
What will be an ideal response?
Economics