Question 8 2 points Americans, $9 million in sales to Canadians, and $4 million worth of automobiles added to Quality Motors' inventory. The transactions just described contribute how much to U.S. GDP for 2010? a. $30 million b. $21 million c. $17 million d. $26 million Question 8 O d.$26 million Oc.$17 million Ob.521million O a.$30 million 2points Save Answer
Added by Brian M.
Close
Step 1
S. GDP from the transactions described. - $15 million in sales to Americans - $9 million in sales to Canadians - $4 million worth of automobiles added to inventory Total contribution to U.S. GDP = $15 million + $9 million + $4 million = $28 million Show more…
Show all steps
Your feedback will help us improve your experience
Sanchit Jain and 72 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Quality Motors is a Japanese-owned company that produces automobiles; all of its automobiles are produced in American plants. In 2010, Quality Motors produced $30 million worth of automobiles, with $17 million in sales to Americans, $9 million in sales to Canadians, and $4 million worth of automobiles added to Quality Motors' inventory. The transactions just described contribute how much to U.S. GDP for 2010? A. $21 million B. $26 million C. $30 million D. $17 million
Sanchit J.
Aarya B.
Which of the following would be included in the U.S. gross domestic product (GDP) measure? A. The value of Apple products made in Canada B. The value of Toyota cars made in California C. The value of Nike shoes produced in China D. The value of Levi jeans made in Malaysia
Andrew D.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD