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A nation's gross domestic product (GDP) Multiple Choice can be found by summing C + In + S + Xn. is the dollar value of all final output produced within the borders of the nation during a specific period of time. is the dollar value of all final output produced by its citizens, regardless of where they are living. is always some amount less than C + Ig + G + Xn.

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sebastiansierraocm

Answer:

This statements is corrrect:

  • is the dollar value of all final output produced within the borders of the nation during a specific period of time.

Explanation:

GDP is the dollar value of all final goods and services produced within the borders of a country, in a specific period of time (usually a year). Therefore, GDP does not include the value of intermediate goods, because this value is already included in the final goods, and it also does not include imports, because they represent goods that were not produced within the country.

To calculate GDP, we use the following formula:

GDP = C + I + G + XN (X - M)

Where:

  • C = Consumption
  • I = Investment
  • G = Government Spending
  • XN = Net exports (X is exports and M is imports, so net exports is equal to exports minus imports).

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