Leo works in a Mercedes Benz factory in Alabama. He is then transferred to Mercedes's plant in South Africa. When does the value of Leo's work for Mercedes contribute to U.S. GDP?
a. The value of his work does not contribute to U.S. GDP, since Mercedes Benz is a German company.
b. The value of his work always contributes to U.S. GDP because Leo is a U.S. citizen
c. The value of his work contributes to U.S. GDP when he works in the Alabama plant.
d. The value of his work contributes to U.S. GDP only for Mercedes Benz vehicles sold in the U.S. market.
c
You might also like to view...
Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a:
A. medium of exchange. B. unit of account. C. store of value. D. store of coincidence.
Refer to the above figure. Point C is known as
A. a peak. B. a trough. C. an expansion. D. a contraction.
Refer to the table. The outcomes of the three possible sets of paired-choice majority votes illustrate the:
A. paradox of voting.
B. inefficiency of logrolling.
C. principal-agent problem.
D. the benefits of majority rule.
Compared to a monopolistically competitive firm having the same cost curves, a perfectly competitive firm produces ________ output and charges a ________ price.
A. less; higher B. more; lower C. more; higher D. less; lower