Ask Question
26 January, 13:12

The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into marketable products and services that produce energy to run our businesses and homes, the U. S. could see a surge in output of goods and services. The Department of Economic Development would document this surge by measuring the

+1
Answers (1)
  1. 26 January, 13:24
    0
    The answer is: Gross Domestic Product (GDP)

    Explanation:

    The gross domestic product of a country is the sum of the total value of goods produced and services provided in that country during one time period (usually a year). It is the measure of a country's total economic activity.

    The formula used to calculate the GDP is:

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

    C = private consumption

    I = investment

    G = government spending

    X = exports

    M = imports
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into marketable ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers