The basic difference between the main macroeconomic identity for the closed economy and for the open economy is $....$ Select one $$ the most appropriate answer to fill in the space above.

Group of answer choices

No correct answer.

Consumption in the open economy is typically higher.

Consumption in an open economy is typically lower.

Saving in an open economy may not equal investment.

Total domestic spending in the closed economy is higher.

All answers are correct.