Asked by Bailey Ables on May 29, 2024

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_____ = private consumption + gross investment + government spending + net exports.

A) Gross domestic income
B) Gross national income
C) Gross national product
D) Gross domestic product

Gross Domestic Product

The aggregate market or monetary value of all completed goods and services produced inside a nation's boundaries over a certain time frame.

Private Consumption

The total value of all goods and services consumed by households and individuals within an economy, excluding government spending and investments.

Gross Investment

The total amount spent on purchases of new capital assets plus replacement of worn-out or obsolete assets.

  • Identify the benchmarks aimed at evaluating the economic outcome of nations.
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KR
krista roblesJun 01, 2024
Final Answer :
D
Explanation :
Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country in a given period. It is calculated as the sum of private consumption, gross investment, government spending, and net exports (exports minus imports).