Which of the following should be included in U.S. GDP?
A. a 3D television manufactured in Thailand and sold in the United States
B. a 3D television manufactured in Thailand by a U.S. firm and sold in the United States
C. a 3D television manufactured in the United States and sold in Thailand
D. a used 3D television manufactured in the United States and sold in Thailand
Answer: C
You might also like to view...
Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years. B) Income inequality across the entire world has decreased during the past 20 years. C) Income inequality within most countries and across the entire world has not changed much during the past 20 years. D) Both A and B are correct. E) None of the above is correct.
In the above figure, which of the figures shows a relationship between x and y with a negative slope?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure B
In 2011, total output of goods and services in the United States was approximately
a. $10 trillion. b. $12 trillion. c. $15 trillion. d. $20 trillion.
Each of the curves plotted in the graph shown in the above figure is known as a
A) Laffer curve. B) Phillips curve. C) Keynesian curve. D) Lorenz curve.