State whether the following statement is true or false.GDP includes ne

1.	State whether the following statement is true or false.GDP includes net income from abroad.Options True False
Answer» GDP includes net income from abroad. - False Explanation: The above statement is incorrect. GDP is the value of all the goods and services produced during an accounting year within the domestic country. As GDP is limited to the domestic territory, it excludes the net factor income from abroad.

State whether the following statement is true or false.GDP includes net income from abroad.Options True False

Answer»

GDP includes net income from abroad. - False

Explanation:

The above statement is incorrect. GDP is the value of all the goods and services produced during an accounting year within the domestic country. As GDP is limited to the domestic territory, it excludes the net factor income from abroad.

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State whether the following statement is true or false.GDP includes net income from abroad.Options True False

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