National income, or Gross National Product is given by:
A. GNP = Y = C + I + G + X + M
B. GNP = Y = C + I + G + X �C M
C. GNP = I = C + Y + G + X �C M
D. GNP = Y = C + I + X + M �C G
Answer:B
National income, or Gross National Product is given by:
A. GNP = Y = C + I + G + X + M B. GNP = Y = C + I + G + X �C M C. GNP = I = C + Y + G + X �C M D. GNP = Y = C + I + X + M �C G