-Refer to the above diagram.The equilibrium condition for a private open economy is S + M = I_g + X.

Name: -Refer to the above diagram.The equilibrium condition for a private open economy is S + M = I g + X.
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The equilibrium condition for a private open economy is S + M = I_g + X, where S is saving, M is imports, I_g is government investment, and X is exports. This equation states that in equilibrium, total saving plus imports must equal total investment plus exports.

-Refer to the Above Diagram