Question

In: Economics

1. which of the following would affect the measured value of US gdp? a. the value...

1. which of the following would affect the measured value of US gdp?

a. the value of steel produced in florida by gibraltar, a German steel company, which is added to it's inventory of steel

b. the sale of a fire factory in Detroit general motors

c. the increase in a Toyota Californias dealership inventory of Toyota cars which were all produced in Japan

d. after you're garage is destroyed by a tornado you build a new garage with materials you gathered from the storm destroyed garage

e. a car produced by general motors in china and sold to a household in California

Expert Solution

It shall be noted that the US GDP would be the measure of the final value of all final goods & services produced within the domestic territory of the economy.

a.

the value of steel produced in Florida by Gibraltar, a German steel company, which is added to its inventory of steel - It would affect the measured value of US GDP

b.

Sale of fire factory is not the sale of current year final goods & services

c.

Inventory stock-piling of the Toyota cars produced in Japan - outside the domestic territory of the US economy - not a part of US GDP

d.

New garage built with materials gathered from storm destroyed garage - no specification of any city - not a part of US GDP

e.

Car is produced in china - outside the domestic territory of the US economy - not a part of US gDP

Hence, the correct answer is a. the value of steel produced in Florida by Gibraltar, a German steel company, which is added to its inventory of steel

Rahul Sunny answered 2 years ago

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