Assume that Toyota, a Japanese company, has a factory in the United States that manufactures cars that are sold in the United States. The value of the cars sold is included in:
A) U.S. household income.
B) U.S. GDP.
C) Japan's household income.
D) Japan's GDP.
Correct Answer:
Verified
Q4: Which statement is true regarding GDP?
A) Purchases
Q5: The value of which of the following
Q6: The value of which of the following
Q7: What is a final good in the
Q8: What is an intermediate good?
A) A finished
Q10: A new Yamaha piano that was manufactured
Q11: Adjustments for business inventory of product or
Q12: In the calculation of GDP, what is
Q13: What time period is typically used for
Q14: Changes in which of the following would
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