Current Affairs · Macroeconomics
Which of the following equations representing the Gross Domestic Product (Y) correctly defines the circular flow of income in a four-sector economy (household, business, government, and foreign sectors)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C + I + G = C + S + T
- 2C + I + G = Y
- 3C + I + G + (X + M) = Y
- 4C + I + G + (X - M) = Y✓
Correct answer
C + I + G + (X - M) = Y
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