Solved

A US-Owned Automobile Factory Uses $100,000 Worth of Parts Purchased from from Foreign

Question 244

Multiple Choice

A U.S.-owned automobile factory uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produce 30 cars worth $20,000 each. Twenty of these cars are sold and 10 are left in inventory. How much did these actions add to GDP?


A) $300,000
B) $500,000
C) $600,000
D) $700,000

Correct Answer:

verifed

Verified

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

Related Questions