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An automobile is manufactured in Japan and purchased in Chicago. Why would this transaction not be counted as part of the US GDP? Cross-border trade
An automobile is manufactured in Japan and purchased in Chicago. Why would this transaction not be counted as part of the US GDP? Cross-border trade is excluded from GDP. Exported goods are not counted in GDP. Foreign imports are subject to foreign exchange adjustment. Only goods produced within the United States are included in US GDP Step by Step Solution
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The Emerging Markets Handbook
Authors: Pran Tiku
1st Edition
0857192981, 978-0857192981
