When analyzing economic situations in an open economy instead of a closed economy, one must take into
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Question:
When analyzing economic situations in an open economy instead of a closed economy, one must take into account:
Group of answer choices
a) the fact that international transactions can create an imbalance in the current account, so that GDP is not necessarily equal to GNI or GNE.
b)the influence of international political relationships, which do not exist in a closed economy.
c) only the production of final goods and services rather than intermediate goods or services.
d) the relationship between domestic investment and the nominal rate of interest.
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