Home › Bihar Board Class 12 (Arts) › Economics › Open Economy Macroeconomics › In a closed economy, demand for domestic goods c…
In a closed economy, demand for domestic goods comes from consumption, government and
AExport demand
BImport demand
CDomestic investment
DForeign income
Answer & Solution
Correct answer: C. Domestic investment
A closed economy has no foreign trade, so the sources are C, G and domestic I.
Related questions
Which of these is part of the current account as per the BoP definition?If outflows exceed inflows, all else equal, a currency is likely to come under pressure toAfter Bretton Woods, the principal de facto reserve currency has been theA stronger currency tends to make a nation's exportsWho developed the theory of comparative advantage?Which 1997 event led emerging economies to rethink reliance on free markets?A BoP crisis occurs when a nation cannot pay forThe Bretton Woods system came to an end between which years?