Question

In: Economics

Refer to the table. The economy shown is a:

Real GDP

Consumption (after taxes)

Gross Investment

Net Exports

Government Purchases

$0

-$20

$10

$+5

$15

10

0

10

+5

15

40

20

10

+5

15

70

40

10

+5

15

100

60

10

+5

15

130

80

10

+5

15

160

100

10

+5

15

Refer to the table. The economy shown is a:

a. Private economy.

b. private open economy.

c. mixed closed economy.

d. mixed open economy.


Solutions

Expert Solution

The answer D would be correct

Because the economy has consumption after TAX and government purchases which makes it a mixed one. Apart from this, the Net Export component makes its open economy.

Rahul Sunny answered 2 years ago
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