GDP measures the output produced within a nation's borders.

Name: GDP measures the output produced within a nation's borders.
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Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is a measure of the total value of goods and services produced within a nation's borders within a specific time period, usually a year. It includes all goods and services produced by businesses and individuals in the country, whether they are domestic or foreign-owned. Therefore, the statement is true.

GDP Measures the Output Produced Within a Nation's Borders