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


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