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There is a plant in US owned by Japanese shareholders. In 2018, this plant: Earns $160 million in revenue. Buys $40 million of steel, aluminum
There is a plant in US owned by Japanese shareholders. In 2018, this plant:
Earns $160 million in revenue.
Buys $40 million of steel, aluminum and glass that it uses to construct cars.
Pays $25 million to shareholders in Japan.
Pays $15 million of taxes to the US Federal Government.
Pays $60 million to US workers.
Buys $20 million of robots from a Korean robot producer. This firm is located in Korea. It has no US shareholders or workers.
Calculate US GDP using the income approach and production approach.
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