Related to the Economics in Practice on p. 427: If a Swiss dealer sells a newly produced Swiss watch on eBay to a U.S. customer, the value of the watch is
A) counted in U.S. GDP.
B) counted in U.S. GDP and Swiss GDP.
C) counted in Swiss GDP.
D) not counted in either U.S. or Swiss GDP.

Question

Quizplus · Accepted Answer

The watch is produced in Switzerland and sold to a U.S. customer, so it is not counted in U.S. GDP. However, it is counted in Swiss GDP because it is a newly produced good sold by a Swiss firm.

Related to the Economics in Practice on P