Growth and Indicators

Economic Affairs

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

Download Solution PDF

When C, I, G, X, M stand for Consumption, Investment, Govt. Expenditure, total exports and total imports respectively, In an open economy, the national income of the economy is

Y = C + I + G + X

Y = C + I + G - X + M

Y = C + I + G + (X - M)

Y = C + I - G + X - M

Explanation:

Y = C + I + G + (X - M)

By: Kamal Kashyap

Profile ResourcesReport error

Trial Period Ended