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1. |
In an open economy, the national income (Y) of the economy is:(C,I,G,X,M stand for consumption, Investment, Govt. Expenditure, total exports and total imports respectively ) |
A. | Y=C+I+G+X |
B. | Y= C+I+G-X+M |
C. | Y= C+I+G+(X-M) |
D. | Y=C+I-G+X-M |
Answer» D. Y=C+I-G+X-M | |