Fill in the blanks to make the following statements correct. a. The equation for actual national...

Fill in the blanks to make the following statements correct.

a. The equation for actual national income from the expenditure side is written as: GDP = ___________________.

A. Ca + Ia + Ga (Xa - IMa)

B. a + bY

C. C + I + G + (X - IM)

Solutions

Expert Solution

(a) Aggregate expenditure = C+I+G+NX

= C+I+G+(X-IM)

At equilibrium , GDP= Aggregate expenditure = C+I+G+(X-IM)

The equation for actual national income from the expenditure side is written as: GDP = C+I+G+(X-IM).

Hence, option(C) is correct.

Rahul Sunny answered 1 year ago

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