Related to the Economics in Practice on p. 107: If a Harley Davidson dealer in Chicago sells a newly manufactured Harley motorcycle on eBay to a customer in Tokyo, Japan, the value of the motorcycle is
A) counted in U.S. GDP.
B) counted in Japanese GDP.
C) counted in U.S. GDP and Japanese GNP.
D) not counted in U.S. GDP because it was sold to a foreign customer.
Correct Answer:
Verified
Q177: If GNP is $650 billion and depreciation
Q178: Refer to the information provided in Table
Q179: Indirect taxes include all of the following
Q180: If NNP is $175 billion and depreciation
Q181: National income
A) is always less than personal
Q183: GNP minus depreciation is
A) GDP.
B) NNP.
C) retained
Q184: Saving rates tend to rise during _
Q185: The percentage of disposable personal income that
Q186: National income minus the amount of national
Q187: If personal saving is -$40 billion and
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