How do economists calculate gross domestic product (GDP)? (1 point) Responses by adding up all the taxes collected by federal and state governments during one year by adding up all the taxes collected by federal and state governments during one year by adding up all of the products consumed within a nation during one year by adding up all of the products consumed within a nation during one year by adding up all the goods and services produced within a country during one year by adding up all the goods and services produced within a country during one year by adding up all the jobs that were added to a country’s economy during one year
The correct answer is: by adding up all the goods and services produced within a country during one year. Economists calculate GDP by summing up the total value of all final goods and services produced within a country's borders over a specific period, typically a year. This includes all goods and services produced by individuals, businesses, and the government.
