What you'll do: choose the finished size of your printed pages and the blank space around the text. These settings are for the print PDF — they don't affect the e-book.
Both live on the Design step. See What is trim size? and Margins, the gutter, recto & verso.
Choose a trim size

- Go to Design and open Paper trim size.
- Switch units between inches and mm if you like.
- Pick a size. Common novel sizes are listed, and each shows which retailers support it (KDP, IngramSpark, Lulu).
A trim size of 5″ × 8″ or 5.5″ × 8.5″ is typical for fiction.
Set the margins

Open Layout & margins:
- Set Top, Bottom, Inside and Outside margins. The Inside margin is the gutter next to the spine — make it a bit larger so text isn't swallowed by the binding.
- Turn Justified on for flush edges, and Hyphens on to keep the spacing even.
- Choose where chapters begin (left page, right page, or either) and whether parts and chapters get their own page.
Preview a Print device (see Preview on devices) to check it looks right, then make the file in Make a print-ready PDF.