If Nike, an American corporation, produces sneakers in Thailand this would
A) add to neither U.S. GDP nor Thailand's GDP.
B) add to Thailand's GDP but not to U.S. GDP.
C) count for both Thailand's GDP and U.S. GDP.
D) count as part of U.S. GDP since it is a U.S. corporation.
Correct Answer:
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Q1: A loaf of bread purchased by one
Q2: Which of the following expenditures associated with
Q3: Gross domestic product
A) includes all the goods
Q5: A ton of coal purchased by your
Q6: GDP does not directly include intermediate goods
Q7: Gross domestic product (GDP) measures the
A) number
Q8: The word "final" in the definition of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: Double counting (counting the same thing twice)
Q11: The calculation of the final goods and
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