Solved

According to the Expenditure Approach,if Y Is GDP,C Is Consumption,I

Question 12

Multiple Choice

According to the expenditure approach,if Y is GDP,C is consumption,I is investment,G is government purchases,and NX is net exports,which of the following is the national income identity?


A) Y = C + I + G - NX
B) Y = C + I + G + NX
C) Y + C = I + G + NX
D) Y = (C + I + G) /NX
E) Y = C + I + G

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions