How is gross domestic product (GDP) defined?

Show Answers

The total income generated from foreign exchange transactionsThe total revenue produced by industrial sectorsThe earnings made within the geographical limits of a countryThe value of goods obtained from the country's inhabitants

Explanation

Option A refers to income from foreign exchange, which is not the definition of GDP. Option B describes industrial revenue, not overall GDP. Option C correctly defines GDP as the income earned within a country's borders. Option D relates to goods received from residents, which does not define GDP.