5
Q:
A) Consumption, investment, government purchases, and net exports | B) Consumption, investment, government spending, and imports |
C) Consumption, investment, government purchases, and imports | D) Consumption, investment, wages, and rent |
Answer: A) Consumption, investment, government purchases, and net exports
Explanation:
Explanation:
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
Simply, GDP is a broad measurement of a nation’s overall economic activity.
It is calculated by summation of Consumption, investment, government purchases, and net exports.