Answer:
A nation's GDP is______D________.
A) The sum of value added at some stage of the production process
B) The total amount of money in circulation
C) The total market value of all intermediate goods and services
D) C+I+G+(X-M)
Explanation:
A nation's GDP( Gross Domestic Product) can be explained in such that if a nation produces goods and services at a given period of time the nation's GDP is the market value of the goods and service produced at the given time.GDP of a nation is measred in two ways either expenditure approach or income approach. based on the question the Expenditure approach is used in the definition C+I+G+(X-M)
C ....... CONSUMPTION
I............INVESTMENT
G........... GOVERMENT PURCHASE
X-M............ NET EXPORT
According to macroeconomic theory, a nation's GDP is "C+I+G+(X-M)."
This is because the formula for finding the Nations' GDP is written as C+I+G+(X-M).
Here, C => Consumption
I => Investment
G => Government Purchase
X => Gross Export
M => Gross Import
X-M => Net Import.
GDP, which is an acronym for Gross Domestic Products, is a term that describes the sum monetary of all the finished commodities and services generated within the country over a given time.
Hence, in this case, it is concluded that the correct answer is option D. "C+I+G+(X-M)."
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