Final answer:
Gross domestic product (GDP) is the answer, representing the total market value of all final goods and services produced within a country's borders in a given year.
Step-by-step explanation:
The dollar value of all final goods and services produced within a country’s borders within a given year is known as gross domestic product (GDP). Option (d) is the correct answer. GDP is an important indicator of a country's economic health. It is expressed in dollar terms and measures the total market value of all final goods and services produced in a nation within a specific time period, typically a year. To avoid the problem of double counting, only the value of final goods is included - those that are at the furthest stage of production at the year's end.
The concept of net exports, which is the difference between a country's exports and imports, also relates to GDP. It is one component of GDP, alongside consumer spending, investment, and government spending. When calculating GDP, statisticians add the value of exports and subtract the value of imports to ensure an accurate representation of domestic production.