Which of these goods will not be counted in GDP
A) the Ford manufactured in the US and sold in Canada.
B) the Ford manufactured in Mexico and sold in Mexico.
C) the Ford manufactured in the US in last year and sold in the US this year.
D) the spark plug sold by an auto parts store to go into a Ford when the original wears out.
Correct Answer:
Verified
Q2: The reason that only final sales count
Q3: The expenditures approach to GDP equals
A)Employee Compensation
Q4: Suppose a Boeing 777 is sold to
Q5: Gross Domestic Product is counted using two
Q6: How does GDP deal with a Ford
Q7: The reason that only final sales are
Q8: Suppose an apple pie sells at a
Q9: If a market basket was defined in
Q10: The income approach to GDP equals
A)Employee Compensation
Q11: One subject of study for macroeconomics is
A)inflation.
B)monopoly.
C)perfect
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