Describe the following term: "C + I + G + NX (measured in constant dollars)". It relates to: a....

Question:

Describe the following term: "C + I + G + NX (measured in constant dollars)".

It relates to:

a. Income.

b. Price Level.

c. Inflation.

d. One Component of Income.

5. None of the above

C+I+G+NX:

C in this formula stands for consumption; I in this formula stands for investment; G in this formula stands for government expenditure; and NX in this formula stand for net exports.

Answer and Explanation:

Describe the following term: "C + I + G + NX (measured in constant dollars)".

It relates to:

a. Income. {eq}\checkmark {/eq}

b. Price Level.

c. Inflation.

d. One Component of Income.

5. None of the above

This formula denotes GDP, which is a form of national income.


Learn more about this topic:

Loading...
Gross Domestic Product: Using the Income and Expenditure Approaches

from Economics 102: Macroeconomics

Chapter 4 / Lesson 2
34K

Related to this Question

Explore our homework questions and answers library