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According to the Expenditure Approach, If Y Is GDP, C Y=C+I+GY = C + I + G

Question 1

Multiple Choice

According to the expenditure approach, if Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports, the national income identity can be written as:


A) Y=C+I+GY = C + I + G
B) Y=C+I+GNXY = C + I + G - N X
C) Y+C=I+G+NXY + C = I + G + N X
D) Y=(C+I+G) /NXY = ( C + I + G ) / N X
E) Y=C+I+G+NXY = C + I + G + N X

Correct Answer:

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