Economics · National Income
Which of the following statements is true regarding Gross Domestic Product (GDP)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1GDP does not include the net income earned by the country's nationals residing outside the geographic borders.✓
- 2GDP includes all the income earned by the country's nationals outside the geographic borders.
- 3GDP is identical to Gross National Product (GNP) in all circumstances.
- 4None of the above statements is true.
Correct answer
GDP does not include the net income earned by the country's nationals residing outside the geographic borders.
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