In a closed economy GDP is equal to the sum of C, I, G, and M.

Name: In a closed economy GDP is equal to the sum of C, I, G, and M.
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In a closed economy, GDP is equal to the sum of consumption (C), investment (I), and government spending (G) without including net exports (exports minus imports, X-M), because a closed economy does not engage in international trade, hence M (imports) and X (exports) are not considered.

In a Closed Economy GDP Is Equal to the Sum