If Y = income, C = Consumption, I = Investment, X = Export and M
ECONOMICS
WAEC 2012
If Y = income, C = Consumption, I = Investment, X = Export and M = Import, then national income is
- A. Y = C - I + (x +m)
- B. Y = C + I + (x + m)
- C. Y = C +I +(X - M)
- D. Y =C + I + (m - x)
Correct Answer: C. Y = C +I +(X - M)
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