Any output produced by U.S. firms is included in the value of U.S. GDP, even if the output was produced in a foreign country.

Name: Any output produced by U.S. firms is included in the value of U.S. GDP, even if the output was produced in a foreign country.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced within a country's borders; output produced by U.S. firms in foreign countries is not included in U.S. GDP but in the GDP of the country where the production takes place.

Any Output Produced by U