Ask Question
2 April, 17:50

A country's GDP is the total dollar value of all final goods and services produced within a country's borders in a given year. It also determines how countries are classified. Which of the following is not a classification based on GDP?

+2
Answers (1)
  1. 2 April, 18:44
    0
    The GDP calculation also accounts for spending on exports and imports. Thus, a country's GDP is a measure of consumer spending (C) plus business investment (I) and government spending (G) as well as its net exports, which is exports minus imports (X-M). Apr 24, 2017
Know the Answer?