Thursday
October 23, 2014

Homework Help: Macroeconomics - GDP

Posted by Anonymous on Thursday, February 5, 2009 at 9:29pm.

Please check my answers to see if they are correct, if not, can you please fix them! Thank you.

American citizens buy something made from an American company in Japan who uses all Japanese labour and machines. Would the following increase, decrease or unaffected? Explain.

a) America GNP
b) Japan GDP
c) America Net Export
d) Japan Net Export
e) Japan Consumption
f) Japan GNP
g) America GDP
h) America Consumption

---

Here's what I think...

a) America GNP
It would increase because anything owned by Americans is included in the GNP.

b) Japan GDP
It would increase because the production is in Japan (within the nation). It would be included in investment.

c) America Net Export
It would decrease because Net Export is part of the GDP. Specifically, import is affected, which will subtract away from the GDP.

d) Japan Net Export
It would increase because the nation is exporting domestic production to foreign customers.

e) Japan Consumption
It would not be affected because no Japanese are consuming the goods.

f) Japan GNP
It would not be affected because the company in Japan is not owned by the Japanese.

g) America GDP
It would decrease because only import is affected, which takes away from the GDP.


h) America Consumption
It would increase because American citizens are buying imported goods.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Cultural Diversity - Can someone please help with this question on my assignment...
Macroeconomics - Can someone please help. What components of GDP (if any) would ...
US History - List 3 responsibilities that we have as American citizens? 1) ...
Social Studies - Please Check my Answer - Please check my answer, I am not sure ...
Early Child Ed. - Can you please check these to make sure my answers are correct...
Ethnics - I am a little confused on how to research the following: Select 1 ...
info. please - Ms. Sue where can I find a cuban story to relate my work. Please ...
Pre-Cal(Please help) - Find two functions f and g such that (f X g)(x) = h(x...
Math - Can someone please check my answers below for accurateness? The ...
English 10 - Which of the following is a possible setting for works of American ...

Search
Members