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

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  1. oh darn I meant A

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  2. No

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  3. Neither A nor D. Read your text materials. You're on your own now.

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

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  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

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  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.

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  6. I'm doing just that, thanks.

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  7. It is B and I am absolutely sure!

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

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  9. Yes it does. Thank you, Reed! :)

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