Which of the following would be included in Canadian gross domestic product,but NOT in Canadian gross national product?
A) The wages paid to Canadian actors working in the film industry in California.
B) The wages paid to Canadian welders working at a Japanese-owned automobile factory in Quebec.
C) The profits from a Canadian-owned tourism company located in Nova Scotia.
D) The profits from a U.S.-owned automobile factory in Ontario.
E) The profits from a Canadian-owned food-processing factory in Michigan.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) includes all economic activities within a country's borders, regardless of who owns the resources. Therefore, the profits from a U.S.-owned automobile factory in Ontario would be included in Canada's GDP but not in its Gross National Product (GNP), which includes the economic activities of Canadian residents and businesses, regardless of location.

Which of the Following Would Be Included in Canadian Gross