GDP includes output produced _____, but it does NOT include output produced _____.
A) outside the United States by U.S. citizens; inside the United States by foreign citizens
B) outside the United States by U.S. citizens; inside the United States by U.S. citizens
C) inside the United States by foreign citizens; outside the United States by U.S. citizens
D) The GDP includes only goods and services produced by U.S. citizens within the United States.

Question

Quizplus · Accepted Answer

GDP measures the total value of goods and services produced within a country's borders, regardless of the nationality of the producer. Therefore, it includes output produced inside the country by foreign citizens but does not include output produced outside the country by its citizens.

GDP Includes Output Produced _____, but It Does NOT Include