Which of the Following Statements Is True About GDP as a Measure

question 47

Multiple Choice

Which of the following statements is true about GDP as a measure of a country's economic health?

• A)It does not include the services produced in a country.
• B)It measures only those goods and services made within a country.
• C)It includes profits from companies' overseas operations.
• D)It does not include profits earned by foreign companies within the country being measured.
• E)It essentially takes into account the concept of GDP in relation to population.

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Definitions:

Trademark Law

The area of law that deals with the protection of brands, names, logos, and symbols used by businesses to identify their goods and services and distinguish them from those of others.

Contract Law

The body of law that governs agreements made between parties, specifying the rights, obligations, and remedies that arise from those agreements.

Moral Standard

Principles guiding what is considered right or wrong behavior within a society.

State Legislature

The legislative branch of state government in the United States, responsible for making and passing laws at the state level.