how-does-the-absence-of-government-affect-the-aggregate-expenditures-model-in-a-

Question

How does the absence of government affect the aggregate expenditures model in a private open economy compared to a private closed economy?

Accepted Answer

It excludes government spending from the model.

Answer

It includes government spending in investment.

Answer

It excludes net exports from the model.

Answer

It includes government spending in net exports.