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Gross Domestic Product (GDP)

Question 7

Multiple Choice
Gross domestic product (GDP)

Gross domestic product (GDP)


A) is gross national product (GNP) less income earned by foreigners working domestically.
B) is different from GNP because GDP includes domestically owned resources in foreign countries.
C) is different from GNP because GDP measures only output produced domestically.
D) counts all income received by foreign citizens.
E) is gross national product (GNP) plus domestic income from abroad.

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