9a)A Japanese automaker manufactures cars in the United States. If these cars are sold to U.S....

9a)A Japanese automaker manufactures cars in the United States. If these cars are sold to U.S. consumers, they will be counted in which of the following?

Japan’s gross domestic product (GDP)

U.S. gross national product (GNP)

U.S. consumption

All the above statements could be correct

b)Which of the following is a nondurable consumption good?

Gasoline

Appliances

Automobiles

Furniture

c)The expenditure approach to computing GDP involves summing which of the following?

The values added of each intermediate good used in the production of a final good

The value of intermediate plus final goods and services

Consumption, investment, government purchases, and net exports

Wages, salaries, interest income, rent, and profit

Which of the following components of GDP is largest for the U.S. economy?

Net exports

Consumption

investment

Government purchases

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Japanese auto companies manufacture cars in the United States for each of the following reasons EXCEPT...

Japanese auto companies manufacture cars in the United States for each of the following reasons EXCEPT ________. Question 45 options: to combat the costs of being home to the world's highest paid workers to offset the risk of currency fluctuations to be closer to customers to defuse political concerns regarding the U.S. trade deficit with Japan

The table below shows the number of cars (in millions) sold in the United States for...

The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured by GM. Year Cars Sold (millions) Percent GM Year Cars Sold (millions) Percent GM 1950 6.0 50.2 1985 15.4 40.1 1955 7.8 50.4 1990 13.5 36.0 1960 7.3 44.0 1995 15.5 31.7 1965 10.3 49.9 2000 17.4 28.6 1970 10.1 39.5 2005 16.9 26.9 1975 10.8 43.1 2010 11.6 19.1 1980 11.5 44.0 2015 17.5...

The table below shows the number of cars (in millions) sold in the United States for...

Rainier Corporation, a U.S. corporation, manufactures and sells quidgets in the United States, Europe and the...

Rainier Corporation, a U.S. corporation, manufactures and sells quidgets in the United States, Europe and the Middle East. Rainier conducts its operations in Europe and the Middle East through a German GmbH, which the company elects to treat as a branch, i.e. DRE, for U.S. tax purposes. Rainier also licenses the rights to manufacture quidgets to an unrelated company in China. During the current year, Rainier paid the following foreign taxes, translated into U.S. dollars at the appropriate exchange rate:...

USM sells products it manufactures in the United States to unrelated foreign and U.S. customers who...

USM sells products it manufactures in the United States to unrelated foreign and U.S. customers who agree in a written installment debt obligation to pay the purchase price in installments over a period of 5 years. USM sells the installment obligations to Matterhorn for less than the unpaid principal balance on the obligations. Matterhorn either collects the obligations at maturity at face value or sells them to an unrelated party for more than it paid USM for them but less...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $ 28,500 Cost of goods sold Variable $ 12,825 Fixed 3,500 16,325 Gross profit $ 12,175 Selling...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $ 30,100 Cost of goods sold Variable $ 13,545 Fixed 3,612 17,157 Gross profit $ 12,943 Selling...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $ 30,200 Cost of goods sold Variable $ 13,590 Fixed 3,624 17,214 Gross profit $ 12,986 Selling...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $ 30,200 Cost of goods sold Variable $ 13,590 Fixed 3,624 17,214 Gross profit $ 12,986 Selling...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States...

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019 Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $ 29,000 Cost of goods sold Variable $ 13,050 Fixed 3,480 16,530 Gross profit $ 12,470 Selling...

Subjects