Which of the following is included in U.S. GDP?
i. the rental value of homes owned by U.S. citizens.
ii. the production of Suburban SUVs by GM in its plant in Mexico.
iii. Tickets sold by U2 for concerts held in the United States.
A)ii only
B)ii and iii
C)i, ii and iii
D)i and iii
E)i only

Question

Quizplus · Accepted Answer

i. The rental value of homes owned by US citizens is not included in GDP, as it is not a production activity within the country's borders.
ii. The production of Suburban SUVs by GM in its plant in Mexico is not included in US GDP, as it is produced outside the country's borders.
iii. Tickets sold by U2 for concerts held in the United States are included in US GDP, as it is a production activity within the country's borders.

Which of the Following Is Included in U