The notation is Y = GNP = national income
C = consumption
I = private investment
G = government spending
X = exports
M = imports
T = taxes
Which of the following is a true statement?
A) BCA ≡ X − M
B) BKA ≡ X − M
C) BKA − BCA ≡ X − M
D) BKA ≡ M − X
Correct Answer:
Verified
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