When the Japanese car maker Toyota expands one of its car factories in the United States, what

Question:

When the Japanese car maker Toyota expands one of its car factories in the United States, what is the likely impact of this event on the gross domestic product and gross national product of the United States?

a. GDP rises, and GNP falls.

b. GNP rises, and GDP falls.

c. GDP and GNP both rise, but GDP rises by more.

d. GDP and GNP both rise, but GNP rises by more.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Feb 26, 2024 03:01 AM

See More Questions

The Mixing Department manager of Monty Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in...
Point D (not shown) lies below line C in the rectangular coordinate system above. Quantity A is greater. Quantity B is greater. The two quantities are equal. The relationship cannot be determined...
Multiple Choice Questions 1. Over the past century, real GDP per person in the United States has grown about ________ percent per year, which means it doubles about every ________ years. a. 2, 14 b....
One popular activity that tourists participate in when they visit Alaska is panning for gold. A gift shop by the panning center sells blocks of clay. The packaging on the clay claims that one in five...
Given y = 6400x - 18x2 - x3 / 3, Find the absolute maximum and minimum for y when (a) 0 x 50 and (b) 0 x 100
1 . The ACE Pension Fund s investment policy statement contains the following provisions: i . Invest 3 0 % of the Fund s total assets in a money market account with one of the four major banks in...
3. What position is the opposite of a purchased call? The opposite of a purchased put?
A company wants to develop a level production plan for a family of products. The opening inventory is 550 units, and a decrease to 200 units is expected by the end of the plan. The demand for each of...
Genie Company can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows Enlightner Foglighter Sales volume in units 800 600 Unit sales price $ 324...
Thomas Robert Malthus believed that population growth would a. put stress on the economys ability to produce food, dooming humans to remain in poverty. b. spread the capital stock too thinly across...
Because capital is subject to diminishing returns, higher saving and investment do not lead to higher a. income in the long run. b. income in the short run. c. growth in the long run. d. growth in...
Consider the linear programming problem: Maximize (x, y) = 1.75x + 1.25y Subject to 1.2x + 2.25y 14 x + 1.1y 8 2.5x + y 9 x 0 y 0 Obtain solution: (a) Graphically. (b) Using the simplex method....
Based on the reading,How to make sure your next product or service launch drives growth (click the underlined link),what stands out to you as the most important factor in a differentiated launch...
OM in the News has previously looked at the Waffle House Index, used to measure the damage from hurricanes. The index made the news again for Hurricane Ian. According to the Boston Globe, 40 Waffle...
Mixture of persuasive and negative formal I am Elizabeth grinderFirst part email Next part setting up the meeting Final part memo The reader is Robert * do not come off accusatory*** Project TWO:...
Anyone who has sampled today's social media offerings has probably experienced this situation: You find a few fascinating blogs, a few interesting people to follow on Twitter, a couple of podcast...
a. Begin with a converging lens of focal length f. Place an illuminated object a distance p, in front of the lens. For all positive values of p;: 1. calculate and sketch a graph of the location of...
Angie Co. bought merchandise for $1,000 with credit terms of 2/10, n/30. Because of the bookkeepers incompetence, the 2% cash discount was missed. The bookkeeper told Pete Angie, the owner, not to...
A red card is illuminated by red light. What color will the card appear? What if its illuminated by blue light?
Who controls the money supply and how?
Write the quantity equation and explain it.
What does the assumption of constant velocity imply?
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...

When the Japanese car maker Toyota expands one of its car factories in the United States, what

Question:

Step by Step Answer:

The most likely impact of Toyota expanding a car factory in the United States is that both GDP and G...View the full answer

Essentials Of Economics

Students also viewed these Business questions