economics

Which goods would be included in the calculation of GDP?
A. toys made in China at a factory owned by a U.S. company
B. cars made in Tennessee at a factory owned by a Japanese car company
C. plastic made in Kentucky and sold to a toy maker in Ohio
D. cotton cloth made in India and sold to clothes makers in the United States

D

  1. 👍 0
  2. 👎 2
  3. 👁 782
  1. oh darn I meant A

    1. 👍 1
    2. 👎 0
  2. No

    1. 👍 0
    2. 👎 0
  3. Neither A nor D. Read your text materials. You're on your own now.

    http://www.investopedia.com/terms/g/gdp.asp

    1. 👍 0
    2. 👎 0
  4. In my textbook it gives these examples:

    YES-Money paid by shoppers in New York for corn grown in Iowa
    YES-Money paid by buyers in Indiana for cars made by a Japanese company at a factory in Kentucky
    YES-Fees charged to patients by a dentist in Texas

    NO-Money paid by a computer factory in New Mexico for computer chips produced in California
    NO-Cost of processing wood pulp into paper at a factory in Maine
    NO-Money paid by shoppers in Florida for jeans manufactured in Mexico by a company headquartered in North Carolina

    1. 👍 0
    2. 👎 0
  5. Read the definition of GDP that I posted, then see which of these four choices would be considered part of the Gross DOMESTIC Product.

    1. 👍 0
    2. 👎 0
  6. I'm doing just that, thanks.

    1. 👍 0
    2. 👎 0
  7. It is B and I am absolutely sure!

    1. 👍 0
    2. 👎 0
  8. I think you are right this time. It pays to know what terms like GDP mean! Read carefully.

    1. 👍 0
    2. 👎 0
  9. Yes it does. Thank you, Reed! :)

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. history

    why was the Open Door Policy important to the United States? a. it gave the United States territory in China b. it gave the United States access to millions of consumers in China c. it increased Chinese investments in the United

  2. History

    Which most accurately reflects occurrences during the Qin dynasty? A. Genghis Khan conquered China, began building the Silk Road to connect China and India, and developed the first Chinese written language. B. Emperor Gaozu

  3. Economics

    1. Products that would be used in calculating GDP include: a. Toys manufactured in China at a factory owned by a U.S. company b. cars manufactured in Tennessee at a factory owned by a Japanese automobile company c. plastic

  4. Social Studies

    1.What economic system focused on exports and acquiring precious metals? A.capitalism B.mercantilism***** C.market economy D.traditional economy 2.Why did Dutch and English landowners force peasants off the land? A.to motivate

  1. macroeconomics

    27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are

  2. algebra

    You’ve decided to start your own business and sell handmade toys. You found an online supplier, Company A, where you pay $11 for each of the toys plus $10 shipping. You will sell the toys for $13 each. Since you are just

  3. algebra

    You’ve decided to start your own business and sell handmade toys. You found an online supplier, Company A, where you pay $11 for each of the toys plus $10 shipping. You will sell the toys for $13 each. Since you are just

  4. ss

    Which effect(s) did European expansion have on China? Select the two correct answers. A. China was divided into European colonies. B. Britain forced China to participate in the opium trade. C. European nations cut off China from

  1. economics

    suppose the income elasticity of demand for toys is +2.00. this means that a. a 10 percent increase in income will increase the purchase of toys by 20 percent b. a 10 percent increase in income will increase the purchase of toys

  2. Math

    Hi can someone please help me? A recent study gave the information shown in the table about ages of children receiving toys. The percentages represent all toys sold. Age (years) Percentage of Toys 2 and under 3-5 6-9 10-12 13 and

  3. Economics

    All of the following are included in GDP EXCEPT the income from a garage sale. the value of a new car. the value of a new house. the sale of an ice cream cone. I'm pretty sure 2 & 3 aren't the answer. Can anyone please help me?

  4. Economics

    What components of GDP (if any) would each of the following transactions affect? Explain. (b) Aunt Jane buys a new house. (c) Ford sells a Mustang from its inventory. (g) Honda expands its factory in Marysville, Ohio. My Answers:

You can view more similar questions or ask a new question.