In an open economy GDP is composed of _______.

consumption, government spending

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gross investment

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net exports

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sum of all

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Solution

The correct option is C sum of all
In an open economy the GDP is calculated as the sum of the 4 sectors of the economy.
GDP = C + I + G + (X-M)
=Consumption + Investment + Government spending + Net exports

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In an open economy GDP is composed of _______.

The correct option is C sum of allIn an open economy the GDP is calculated as the sum of the 4 sectors of the economy. GDP = C + I + G + (X-M) =Consumption + Investment + Government spending + Net exports

The correct option is C sum of all
In an open economy the GDP is calculated as the sum of the 4 sectors of the economy.
GDP = C + I + G + (X-M)
=Consumption + Investment + Government spending + Net exports