Tuesday, February 28, 2012

Which of the following would be included in the GDP of the United States?

A. Boeing builds a plane in Seattle that is sold to Air Canada.
B. Daimler Chrysler produces a car in Germany that is sold in Michigan.
C. Nestle produces a candy bar in Switzerland that is sold in San Francisco.
D. Planet Hollywood provides dining services in a restaurant in Hong Kong.
E. Disney provides entertainment services in an amusement park in Japan.|||A. Boeing builds a plane in Seattle that is sold to Air Canada.

Remember that GDP is defined as the total market value of all final goods and services produced WITHIN the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.

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