Answer :
Answer:
See explanation
Explanation:
When the economy is expanding, the Gross Domestic Product (GDP) tends to grow. GDP represents the total value of all goods and services produced within a country’s borders during a specific time period. During an economic expansion:Increased Production: Businesses produce more goods and services, leading to higher GDP.Higher Consumer Spending: As people feel confident about the economy, they spend more, boosting GDP.Investment Growth: Companies invest in new projects, infrastructure, and equipment, contributing to GDP.Job Creation: Expanding businesses hire more workers, increasing overall economic activity.In mathematical terms, GDP can be expressed as:GDP=C+I+G+(X−M)GDP=C+I+G+(X−M)Where:C: Consumer spendingI: Business investmentG: Government spendingX: ExportsM: ImportsRemember, economic cycles fluctuate, and expansions are followed by contractions.
