Gross domestic product includes foreign income earned in a country.

Name: Gross domestic product includes foreign income earned in a country.
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Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the total value of all goods and services produced within a country's borders, including income earned by foreign residents and businesses operating in that country. Therefore, foreign income earned in a country is included in its GDP calculation.

Gross Domestic Product Includes Foreign Income Earned in a Country