Question

What is gross domestic product check all that apply.A.is it the total profit that all the corporations in an economy make in one yearB.It’s the total amount of money that consumers in an economy have to spendC.It’s the total amount of goods and services that a nation produces within a yearD.it’s the total expenses used to produce all the goods and services in a nation

Answer 1

Answer:

Option C

Explanation:

Gross domestic product is defined as the value of all finished good and services produced in a country in terms of money per year. It can also be defined as the total money that can be spend in a year by consumers, businesses, and government. Hence, option C is the correct answer