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    Exam 12: Open-Economy Macroeconomics: Basic Concepts
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    What Is the Formula for a Closed Economy's GDP
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What Is the Formula for a Closed Economy's GDP

Question 57

Question 57

Multiple Choice

What is the formula for a closed economy's GDP?


A) Y = C + I + G
B) Y = (C - T) + I + G
C) Y = C + I + G + S
D) Y = C + I + G + NX

Correct Answer:

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