A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10 million worth of material purchased from foreign countries to produce $100 million of automobiles. $70 million worth of these automobiles are purchased by
U.S. consumers, $25 million are sold in foreign countries, and $5 million are added to inventory. How much of this production is included in U.S. GDP? By how much do these transactions alone affect U.S. net exports?
$90 million is included in U.S. GDP. These transactions raise net exports by $15 million.
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A small country is an international borrower if its real interest rate without foreign borrowing is ________ the world real interest rate
A) higher than B) equal to C) lower than D) not comparable to
A. What is the World Trade Organization?
b. When was it established? c. How many countries are members of the World Trade Organization? What will be an ideal response?
The science of "knowing the customer" is referred to as
A) revenue management. B) reverse elasticity. C) supply analysis. D) equilibrium analysis.
Behavioral economic policy examines:
A. people's unpredictable irrational behavior. B. the level of mathematics required to make sound judgments. C. people's rational behavior. D. people's predictable irrational behavior.