Question
Assume there is a factory in Hong Kong. During the 2018-19 financial year, the factory's profit totaled 21,000,000 HKD, of which 14,000,000 HKD can be
Assume there is a factory in Hong Kong. During the 2018-19 financial year, the factory's profit totaled 21,000,000 HKD, of which 14,000,000 HKD can be attributed to Australian residents that are part-owners of this factory. Assume further that during the 2018-19 financial year, 1 AUD was valued at 7 HKD. Which of the following is correct? For the purposes of this question, assume that the HKD earnings in a given time period are translated to AUD at the exchange rate of that same time period.
A.We add 2,000,000 AUD to Australia's GNI in order to calculate Australia's GDP during 2018-19
B.We add 3,000,000 AUD to Australia's GNI in order to calculate Australia's GDP during 2018-19
C.We add 2,000,000 AUD to Australia's GDP in order to calculate Australia's GNI during 2018-19
D.We add 3,000,000 AUD to Australia's GDP in order to calculate Australia's GNI during 2018-19
E.We add 2,000,000 AUD to Hong Kong's GDP in order to calculate Hong Kong's GNI during 2018-19
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