Which of the following would be included in Germany's GNP?
A) the production of BMWs (made by a German-based company) in South Carolina.
B) the production of Michelin tires made in Germany by a French company and then sold directly to French consumers.
C) the production of BMWs in Germany.
D) the production of Michelin tires made in France by a French company and then sold to BMW in Germany for use in BMW cars.
E) answers A and C are correct.
Correct Answer:
Verified
Q102: Real GDP is the value of final
Q103: To calculate GDP using the income approach,one
Q106: Which adjustment(s)must be made to convert net
Q116: An increase in nominal GDP could result
Q120: Real GDP measures the value of goods
Q121: If real GDP is greater than nominal
Q123: If nominal GDP increases this year,then real
Q132: In calculating GDP,economists
A)measure total expenditure as the
Q156: The difference between nominal GDP and real
Q160: According to the expenditure approach to measuring
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents