Economics · National Income Accounting
In macroeconomic equilibrium for an open economy, which equation represents the total national income or aggregate output (Y)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Y = C + S - T
- 2Y = C + I + G - (X + M)
- 3Y = C + S + T
- 4Y = C + I + G + (X - M)✓
Correct answer
Y = C + I + G + (X - M)
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