John's imported shoes from Italy will be counted as a part of _____.

Group of answer choices

the United States's GDP.

no country's GDP.

Italy's GDP.

the United States's GNP.

both the United States's GDP and Italy's GDP.

Which of the following statement is TRUE?

IGDP per capita figure is an exact measure of output in a country.

IITrade deficit means that imports are larger than exports.

IIIGDP is always going to underestimated output in a country because there are non-market transactions that do not get recorded.

Group of answer choices

II and III only

II only

I, II, and III only

III only

I only