Explain whether each of the following would be included in GDP, GNP, or both of the United

Question:

Explain whether each of the following would be included in GDP, GNP, or both of the United States.
(a) The salary of an American who is working in Japan for Honda (a Japanese company).
(b) The profits that Honda earns from its production of cars in Ohio.
(c) The value of the software that Microsoft sells to Honda for use in its corporate headquarters in Japan.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

Question Posted: