Ashton, an economics professor at the University of California, believes that gross domestic product (GDP) focuses on domestic production. Which of the following statements supports his beliefs?
A) GDP takes into consideration where the output is produced.
B) GDP takes into consideration who owns the asset producing the output.
C) GDP determines the output that domestic companies make abroad.
D) GDP determines who is benefiting from a country's production.
Correct Answer:
Verified
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