Which equation represents the relationship between GDP and the four major expenditure components
A. Y = (C + I) - (G + NX)
B. Y = [(C + I) / (G + NX)]
C. Y = C + I + G + NX
D. Y = C(I + G + NX)
Answer: C. Y = C + I + G + NX
Which equation represents the relationship between GDP and the four major expenditure components
A. Y = (C + I) - (G + NX)
B. Y = [(C + I) / (G + NX)]
C. Y = C + I + G + NX
D. Y = C(I + G + NX)
Answer: C. Y = C + I + G + NX