A nation's gross domestic product (GDP):

CA Foundation · Business Economics · MTP · June 2024
A nation's gross domestic product (GDP):
(A) A. can be found by summing C + I + G + Xn.
(B) B. is the dollar value of the total output produced by its citizens, regardless of where they are living.
(C) C. can be found by summing C + S + G + Xn.
(D) D. is always some amount less than its NDP.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. can be found by summing C + I + G + Xn.

Topics: Determination of National Income

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