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The Notation Is Y = GNP = National Income

Question 89

Multiple Choice

The notation is Y = GNP = national income
C = consumption
I = private investment
G = government spending
X = exports
M = imports
T = taxes
The difference between a country's savings and investment is given by


A) (Y − C − T) − I
B) I × (Y − C − T)
C) X − M
D) GNP − T

Correct Answer:

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