GDP Includes Output Produced _____, but It Does NOT Include

question 300

Multiple Choice

GDP includes output produced _____, but it does NOT include output produced _____.

• A) outside the United States by U.S. citizens; inside the United States by foreign citizens
• B) outside the United States by U.S. citizens; inside the United States by U.S. citizens
• C) inside the United States by foreign citizens; outside the United States by U.S. citizens
• D) The GDP includes only goods and services produced by U.S. citizens within the United States.

---

Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company based on the profit or loss and changes in the investee’s equity.

Significant Influence

A level of control exerted by an investor over an investee, characterized by the power to participate in financial and operating policy decisions without having full control or majority ownership.

Book Value

The net value of a company's assets minus its liabilities, reported on the balance sheet. It represents the shareholders' equity in the company.

Copyright

A form of legal protection given to creators of original works, granting them exclusive rights to use, distribute, and control the use of their work.