John and Sue are married and live in the United States. John is a Canadian citizen and stays home with their two children, Micah and Madison; his caretaking is valued at $20,000 per child. He also programs video games from home in the evenings for a Japanese-based online poker site for $50,000 per year. Sue works as a high-powered lawyer for Berkshire Hathaway at their London branch for the U.S. dollar equivalent of $1,00,000 per year.
-Refer to the above scenario. How much does Sue contribute to U.S. GNP?
A) $0
B) $40,000
C) $1,000,000
D) $1,040,000

Question

Quizplus · Accepted Answer

Sue's income of $1,000,000 contributes to the U.S. Gross National Product (GNP) because she is a U.S. citizen working abroad, and GNP measures the economic output generated by a country's residents, regardless of where the income is earned.

John and Sue Are Married and Live in the United