Question
10. By definition, Gross Domestic Product (GDP) measures market value of all final goods and services produced within the country over a certain period. Similarly,
10. By definition, Gross Domestic Product (GDP) measures market value of all final goods and services produced within the country over a certain period. Similarly, we have other alternative indicators, for example Gross National Product (GNP). Now suppose, we are comparing GDP and GNP of the United States in 2019. Here we have the following information. Dell, as one US company, it produced $5.7 billion computers in China in 2019. And Kia, as a Korean company produced $15.2 billion SUVs from its Georgia factory in the US during 2019. With the above information, which statement is NOT correct ____?
A. The $15.2 billion output of Kia will be counted as Korean GDP.
B. The $15.2 billion output of Kia will be counted as the US GDP.
C. The $5.7 billion output of Dell will be counted as the US GNP.
D. The $5.7 billion output of Dell will be counted as the Chinese GDP.
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