Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 18

The aggregate demand in country X is calculated by the equation AD = C + I + (X – M). Four students are asked to fill in the two gaps in the following sentence describing the economy of country X. 'Country X is ......1...... economy ......2...... a government.' Which student is correct?

1. Aa closed / with
2. Ba closed / without
3. Can open / with
4. Dan open / without

As printed in the paper