Which of the following factors are considered when calculating gdp?

i. goods produced within a country by citizens of that country
ii. goods produced within a country by residents who are not citizens
iii. goods produced within a country for use in production of other goods
iv. goods produced by a country’s citizens outside of its borders
a.
ii and iii
b.
i only
c.
i and ii
d.
i, ii, iii, and iv
i'm thinking it's c. but i'm not sure

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.

i dont know sorry

step-by-step explanation: