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Gross Domestic Product (GDP) includes _____. exports, but not imports imports, but not exports exports minus imports

Total output refers to the goods and services made by _____ producers in a country. some one all

Verified Answer :

Gross Domestic Product (GDP) includes exports minus imports. The general equation of GDP includes the net exports of a country. The net export is defined as the total exports minus the total imports within a country's border.

Total output refers to the goods and services made by ALL producers in a country.

I believe the answer is: exports minus imports ; ALL


Gross domestic product is calculated to measure one country's productivity within one year. Imports are considered other country's productivity, so it need to be deducted from the exports.

Total output is used as a factor to calculate GDP. It measures all goods or services that created by legal citizens in the country.