Answer:
C. Gross Domestic Product
Explanation:
Gross Domestic Product (GDP) is the total value of the goods and services produced in the nation in a year. It measures the value of economic activity in any country. It is the sum of market values, or prices of all the final good, services produced in the country. It shows the worth of the output of any nation in their local currency. It can be calculated with the help of the formula which has been manifested below:
GDP = C + I + G + (X – M)
(where
C = Private consumption
I = Gross investment
G = Government investment + government spending
X = Exports
M = Imports)
