.INTERNATIONAL MACROECONOMICS AND FINANCE CHOOSE THE OPTION BELOW, THE OPTIONS I
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Question
.INTERNATIONAL MACROECONOMICS AND FINANCE
CHOOSE THE OPTION BELOW, THE OPTIONS IS HIGHLIGHTED
1a.Given the definitions of variables , reflecting components of national income, in an open economy with the balance on primary income and the balance on secondary income both possibly being nonzero.
Y = C + I + EXP + IMP.
Y = C + I + G + CA.
Y = C + I + G.
Y = C + I - EXP - IMP.
Y = C + I + CA.
1b.
The gross national product for a country is.......
the value of all intermediate and final goods and services produced by produced by domestically-owned factors of production and sold on the market during a certain period.
the value of all intermediate goods and services produced by domestically-owned factors of production and sold on the market during a certain period.
the value of all final goods and services produced by domestically-owned factors of production and sold on the market during a certain period.
gross domestic product plus the balance on secondary income.
the volume of production occurring with the country’s borders.
Explanation / Answer
1/a Y = C+I +G+ NX = C+I+G+(EX-IM)
1/b the value of all final goods and services produced by domestically-owned factors of production and sold on the market during a certain period.
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