Question

Which of the following factors are considered when calculating GDP?

Answer 1

C. is the correct answer to this question just took the test

Answer 2

Explanation with reason

The full form of GDP is Gross Domestic Product.

If you look carefully the three words here , you will understand the meaning of  term GDP by yourself.

Gross means profit earned

So, GDP means profit earned on Domestic product produced within the country within a year either by citizen of that country or non residents of that country.

So, Statement I and II are true.

I. goods produced within a country by citizens of that country

II. goods produced within a country by residents who are not citizens

Option C: I and II.