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Compared to High-Income Developed Countries, the Per Person Income Levels

Question 88

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Compared to high-income developed countries, the per person income levels of poorer less developed countries are somewhat understated because


A) the GDP figures omit the production within the household sector, which is generally larger in the high-income countries.
B) the GDP figures omit the production within the household sector, which is generally larger in the poorer countries.
C) the GDP figures omit net exports, which are generally larger in the high income countries.
D) the GDP figures omit net exports, which are generally larger in the poorer countries.

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