QUEST 10 points Save Answer Which of the following would count toward US GDP? Mc

Question

QUEST 10 points Save Answer Which of the following would count toward US GDP? McDonald's Happy Meal sold in France chocolate imported from wool purchased by a suit maker in California Toyota car made at a factory in Kentucky QUESTI 10 points Save Answer Which of the following would be counted toward GDP? babysitting your cousins buying stock in a O buying a new home buying a previously owned QUESTI 10 points Save Answer Which of the following correctly identifies the four net exports durable goods, nondurable goods, services. savings consumption, saving, land, labor, capital,

Explanation / Answer

a) Toyota car made in Kentucky will be counted in the GDP of the US. The first tow option is not manufactured in the US and the third option the wool is an intermediate good. The answer is "D".

b) "Buying a new home" will form the part of the GDP. anything new constructed or sold are part of GDP, stock or old house will not be part of it and we are not getting paid for babysitting so it will not be included in the GDP. The answer is "C".

c) Consumption, investment, government purchases and net exports are four part of GDP calculation. The answer is "A".

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