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Which of the following is included in the income measure of the US GDP? Question 4 options: - Salary of Maria, a citizen of Mexico, working legally at a dental office in Queens - Profits of Randy the Illegal Drug-Dealer - Amount of a cash gift an ESC student receives from parents - Salary of Jane, a US citizen accountant working in Korea - The value of a new garage Sam the School Teacher built himself in his backyard 

          Which of the following is included in the income measure of the US GDP?  
Question 4 options:
- Salary of Maria, a citizen of Mexico, working legally at a dental office in Queens 
- Profits of Randy the Illegal Drug-Dealer
- Amount of a cash gift an ESC student receives from parents  
- Salary of Jane, a US citizen accountant working in Korea
- The value of a new garage Sam the School Teacher built himself in his backyard
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Added by Matthew M.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Which of the following is included in the income measure of the US GDP? Question 4 options: - Salary of Maria, a citizen of Mexico, working legally at a dental office in Queens - Profits of Randy the Illegal Drug-Dealer - Amount of a cash gift an ESC student receives from parents - Salary of Jane, a US citizen accountant working in Korea - The value of a new garage Sam the School Teacher built himself in his backyard
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Transcript

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00:01 So we're asked about gdp here.
00:02 So let's make sure that we can define gdp.
00:04 Gdp is defined as the market value of all final goods and services produced domestically.
00:19 And of course, you can see the domestic is in the name, right? it is gross domestic product.
00:27 Gross domestic product is time about how much the resources of the country are capable of producing and you immediately see there are three distinct options here right for a c and d you have not united states right for a we have canada c we have china d we have levies and b we have united states the answer here is b because this reflects ability of american workers to produce, right? whereas opposed to ac &d is talking about foreign workers or foreign factories or foreign resources, right? so the answer is b, and it's because that gross domestic product, again, they say give you the answer here, is trying to capture what is produced within american borders...
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