A new Yamaha piano that was manufactured in Japan is purchased by an American at a music store in Ohio. This piano:
A) has no impact on Japan's GDP.
B) is reflected in both U.S. consumer purchases and U.S. imports in the computation of U.S. GDP.
C) is included in both Japan's consumer purchases and Japan's imports in computation of Japan's GDP.
D) is a U.S. export.
Correct Answer:
Verified
Q5: The value of which of the following
Q6: The value of which of the following
Q7: What is a final good in the
Q8: What is an intermediate good?
A) A finished
Q9: Assume that Toyota, a Japanese company, has
Q11: Adjustments for business inventory of product or
Q12: In the calculation of GDP, what is
Q13: What time period is typically used for
Q14: Changes in which of the following would
Q15: A significant part of economic activity in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents