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    Principles of Economics Study Set 2
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    Exam 33: Aggregate Demand and Aggregate Supply
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    Which of the Following Is the Correct Representation of GDP
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Which of the Following Is the Correct Representation of GDP

Question 42

Question 42

Multiple Choice

Which of the following is the correct representation of GDP (Y) in an open economy?


A) Y = C + I + G
B) Y = C + I + G + X - M
C) Y = C + I + G + T
D) Y = C + I + G - NX

Correct Answer:

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