Economics · Macroeconomics
Which of the following equations correctly represents the standard national income identity for an open economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Y = C + I + G + M
- 2Y = C + I + G + S
- 3Y = C + I + G + (X − M)✓
- 4Y = C + I + X
Correct answer
Y = C + I + G + (X − M)
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