In the calculation of GDP, what is considered the country's output?
A) Output that is produced by resources owned by citizens of the country
B) Output that is produced by companies that are headquartered within the country regardless of where the output is produced
C) Output that is purchased by the citizens of the country regardless of where it is produced
D) Goods and services that are produced within the geographic boundaries of the country

Question

Quizplus · Accepted Answer

GDP measures the total value of all goods and services produced within a country's borders, regardless of the nationality of the producers.

In the Calculation of GDP, What Is Considered the Country's