Gross Domestic Product (GDP) is a critical indicator used to gauge the health of a country's economy. It represents the total value of all goods and services produced over a specific time period within a nation's borders. Understanding the components that contribute to GDP can provide insights into economic performance and growth.
Consider a hypothetical country, Ekonomia, which is experiencing an increase in consumer spending and a rise in exports compared to last year. Given this information, which of the following statements is most likely true regarding the impact on Ekonomia's GDP?