-Refer to the above diagram.If net exports are X _n2,the GDP in the open economy will exceed GDP in the closed economy by:

Question

-Refer to the above diagram.If net exports are X _n2,the GDP in the open economy will exceed GDP in the closed economy by: A) AB. B) AD. C) FG. D) BD.

Quizplus · Accepted Answer

Net exports (Xn2) represent the difference between exports and imports. In an open economy, GDP includes net exports, so the GDP will exceed the closed economy's GDP by the amount of net exports, which is represented by BD in the diagram.

-Refer to the Above Diagram