
Suppose that the BMW plant in Spartanburg,SC,produces $10 million worth of vehicles in a given year. Of this total amount,$1 million in profits are returned to the owners of the company in Germany. The $1 million in profits
A) contributes to both U.S. GDP and U.S. GNP.
B) contributes to U.S. GNP, but not U.S. GDP.
C) contributes to U.S. GDP, but not U.S. GNP.
D) contributes to neither U.S. GDP, nor U.S. GNP.
Correct Answer:
Verified
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