A nation's gross domestic product (GDP) Multiple Choice can be found by summing C + In + S + Xn. is the dollar value of all final output produced within the borders of the nation during a specific period of time. is the dollar value of all final output produced by its citizens, regardless of where they are living. is always some amount less than C + Ig + G + Xn.

This statements is corrrect:

is the dollar value of all final output produced within the borders of the nation during a specific period of time.

Explanation:

GDP is the dollar value of all final goods and services produced within the borders of a country, in a specific period of time (usually a year). Therefore, GDP does not include the value of intermediate goods, because this value is already included in the final goods, and it also does not include imports, because they represent goods that were not produced within the country.

To calculate GDP, we use the following formula:

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

Where:

C = ConsumptionI = InvestmentG = Government SpendingXN = Net exports (X is exports and M is imports, so net exports is equal to exports minus imports).

Japanese firm buys lumber from Canada and pays it for it with yen and then transfers it to yen. The Canadian then checks the quality and makes sure it is worth it.

Explanation: