Question

The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is subtracted in the circular-flow model. is equal to GDP. is equal to GDP, is equal to exports minus imports, and is subtracted in the circular-flow model.

Answer 1

Step-by-step explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year.

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.