In the goods market equilibrium condition for a closed economy,the total demand for goods equals

Question

Quizplus · Accepted Answer

The goods market equilibrium condition for a closed economy is given by:
Y = C + I + G
Where Y is the total output of the economy, C is consumption, I is investment, and G is government spending. In the context of this equation, "total demand for goods" is the sum of C, I, and G. Therefore, the correct answer is B, which is the option that adds up to 11ea1abc_aef2_9a7f_a21b_f96a377d6cc0_TB2853_11 when you add the values together.

In the Goods Market Equilibrium Condition for a Closed Economy,the