GDP includes the goods and services produced
A) within a country's borders by citizens and by non-citizens minus the production abroad by the country's citizens.
B) within a country's borders by citizens and by non-citizens.
C) by a country's legal citizens regardless of where in the world they are located.
D) by a country's citizens but not by non-citizens within the country's borders.
E) within a country's borders by citizens and non-citizens plus goods produced abroad by the country's citizens.
B
You might also like to view...
With no international trade, the U.S. price of wheat is lower than the world price of wheat
This indicates that the United States ________ a comparative advantage in the production of wheat and with international trade, the United States will ________ wheat. A) has; export B) has; not trade C) has; import D) does not have; export E) might have; export
What explains the appreciation of the Japanese yen relative to the Canadian dollar from 1970 to the early 1990s?
A) Japanese productivity rose faster than Canadian productivity. B) Japanese inflation rose faster than Canadian inflation. C) Canadian consumers reduced their preferences for Japanese goods. D) High tariffs and restrictive quotas in Canada caused the value of the dollar to decline.