Categories Economics Closed economy implies that there is no _____________ in country. Post author By thelooknow Post date March 27, 2022 A. Investment B. Saving C. Trade D. All of the above CORRECT ANSWER IS: Trade ← National Income is defined as the ______________. → GDP (Y) = Consumption (C) + Investment (I) + Govt. Expenditures (G) + Net Exports (NX(X-M))