Solved

Identify Which of the Following Goods Are Part of the Current

Question 70

Essay

Identify which of the following goods are part of the current year's U.S.GDP and which are considered current year's U.S.GNP;explain.
(a)a Ford produced in Mexico
(b)a Toyota produced in California
(c)a meal you make for a dinner party
(d)an American made vintage T-shirt from LedZeppelin's 1971 North American Tour you bought online last week

Correct Answer:

verifed

Verified

(a)Part of U.S.GNP but not GDP as it's n...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions