When Canadians buy a good produced in the U.S., Americans earn income from Canad

Question

When Canadians buy a good produced in the U.S., Americans earn income from Canadian expenditures. The value of this Am the U.S. and Canada because it is produced in the U.S. but bought by a Canadian consumer. O the U.S. and Canada because it is produced in the U.S, bought by a Canadian consumer, and creates U.S. and Canadian jobs. the U.S. because it is produced in the US. O Canada because it is bought by a Canada consumer. References eBook&Resources; Learning Objective: 07-02 Explain the equivalence of the expenditure and income Multiple Choice approaches to valuing an economy cBook

Explanation / Answer

Answer:- When Canadians buy a good produced in the U.S.Americans earn income from Canadian expenditure. The value of this American output and Canadian expenditure is counted under the GDP of

Correct Answer:- The U.S. because it is produced in the U.S.

Reason:-

GDP is the total sum of goods and services produced within a country’s borders. Goods produced in the U.S. count in U.S.’s GDP even if they are consumed in Canada.

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