Ford, an American-owned company, operates a factory in Mexico. The value of the output produced in thisfactory is countedO in neither U.S. nor Mexico GDP.O in both U.S. and Mexico GDP.O only in Mexico GDPO only in U.S. GDP.

The term GDP represents gross domestic product. The total monetary or market value of all finished…

Answered: Ford, an American-owned company,…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100 worth of trees into 150 worth of lumber. It used 100 worth of that lumber to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?
Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living. The environment becomes dirtier The crime rate declines A greater variety of goods become available to consumers Infant mortality declines
What are the main components of measuring GDP with what is demanded?
If the United States decides to include the underground economy as part of their GDP calculation, U.S. GDP would O not change shrink decrease O increase
Which of the following items is not a component of the income approach of measuring the U.S. GDP? O interest earned on savings deposits in the U.S. O profits made by foreign businesses in the U.S. O investment spending of American businesses in the U.S. O income earned by American businesses that export goods.
False 3. The value of a 2005 boat you purchase from a boat dealer in 2007 would be counted in 2007's GDP O True False
Clarence is a Japanese citizen working for Toyota at the manufacturing plant located in Tennessee. Clarence's work will contribute toward: O Japan's GDP since he's a Japanese citizen. both the U.S. and Japan's GDP. Japan's GDP since it's a Japanese firm. O U.S. GDP since the location of the plant is in the U.S.
Course dashboard Which of the following is included in both the U.S. GDP and GNP? (Toyota and Nissan are Japanese brands and Ford and General Motor are US brands). Lütfen birini seçin: O A. The value of all cars produced by Toyota in the U.S. O B. The value of cars produced by Nissan in the U.S. OC The value of cars produced by Nissan in Japan and the U.S. OD The value of all cars produced by Ford in Mexico. OE The value of all cars produced by General Motors in the U.S. Refer to the information provided in Table 21.10 below to answer the question that follow
Which of the following adds to US GDP? O AI chop down a tree on my property and build a table. A similar table, sold at retail, would get a price of $800. O B. Awake Coffee, a U.S. coffee company, produces a latte in Minneapolis, MN and sells the latte to a customer immediately. O C. All of these answers add to G.D.P. for the United States. O D. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Chicago. It sells the corn syrup to Crunchy's for use in the production of Hyperactive Crunch. O E. Roadway Motors, a U.S. auto company, produces a car at a plant in Germany. The car is then imported into the U.S.
QUESTION 12 In the expenditure approach to GDP, which of the following is excluded from measurements of GDP? O A. Government payments for goods produced by privately-owned firms O B. Government payments for goods produced by firms owned by state or local govermments C. Government transfers to households because of Covid-19 O D. All government payments are included in GDP
Which of the following components makes up the largest percentage of GDP measured by aggregate spending? O imports O government purchases of goods and services consumer spending investment spending О ехрorts
If you were to make an analogy between the national accounts and the income statement of a corporation, GDP of a country, as the total market value of goods and services, would most closely compare to the of a corporation. O income O taxes O expenses O revenues .........

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Ford, an American-owned company, operates a factory in Mexico. The value of the output produced in this factory is counted O in neither U.S. nor Mexico GDP. O in both U.S. and Mexico GDP. O only in Mexico GDP. O only in U.S. GDP.