Which of the following statement(s) concerning GDP is/are correct?
(a) GDP excludes the value of goods and services produced within the boundaries of a
country.
(b) GDP is the total value of all final goods and services produced within the borders of a
country during a certain period.
(c) The value of imported goods is included in GDP.
(d) The value of imported goods is excluded when measuring GDP.
[1] a
[2] a b d
[3] b d
[4] a c
The following statements concerning GDP are correct:
(b) GDP is the total value of all final goods and services produced within the borders of a
country during a certain period;
(d) The value of imported goods is excluded when measuring GDP.
Therefore, the correct answer is [3] b d.
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