Which of the following would be included in total final product (GDP)?

Question

Quizplus · Accepted Answer

GDP includes the total value of all goods and services produced within a country's borders in a specific time period. U.S. semiconductors bought by a firm in Hong Kong are produced within the U.S. and thus contribute to its GDP. Social Security and unemployment benefits are transfer payments and do not reflect the production of goods or services. Products produced in Canada and bought by a firm in the U.S. contribute to Canada's GDP, not the U.S.'s.

Which of the Following Would Be Included in Total Final