Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve these 2 questions...32&33 QUESTION 32 U.S. GDP O a. includes production of foreigners working in the U.S. and production by U.S. residents working in

Solve these 2 questions...32&33

image text in transcribed
QUESTION 32 U.S. GDP O a. includes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries. b. excludes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries. O C. includes production of foreigners working in the U.S. but excludes production by U.S. residents working in foreign countries. O d. excludes production of foreigners working in the U.S. but includes production by U.S. residents working in foreign countries. QUESTION 33 Beth, an American citizen, travels to Italy on vacation and buys an espresso machine to bring home. Her purchase increases O a. Italy's GDP. O b. Italy's GDP and U.S. GDP, since Beth spent dollars buying the machine. O c. Neither U.S. nor Italy's GDP, since the product was bought in one country and used in another. O d. U.S. GDP since she will have the machine with her at home in the U.S. QUESTION 34

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research In Forest Economics And Forest Policy

Authors: Marion Clawson

1st Edition

1317362624, 9781317362623

More Books

Students also viewed these Economics questions

Question

Equations 5 .24a

Answered: 1 week ago

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago