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why in 7.2(iii) are the Chinese GNP by calculating wages paid to workers+ profit by Chinese-owned ice-cream parlor ?? as i know that GNP= GDP

why in 7.2(iii) are the Chinese GNP by calculating wages paid to workers+ profit by Chinese-owned ice-cream parlor ?? as i know that GNP= GDP +factor income derived by nationals from overseas-factor income paid to foreigners. what is the GDP in this question?

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> (i) From the statement, we know the consumption expenditure paid to ice-cream is $2,300, and there is no other component of expenditure. Therefore, GDP = C + | + G + NX = $2,300. > (ii) The income approach is that GDP = wage + rent + interest + profit. Wage = 700+400 = $1,100,rent = $900, interest = $100, profit = $200. > (iii) Chinese GNP = GDP + Net factor income from the U.S. = wages paid to workers + profit by Chinese-owned ice-cream parlour = 400+200 = $60007.2 Calculation of GDP > A Chinese-owned ice-cream parlour located in the US. has the following accounting record related to Its busrness during 2015: Total sales revenue $2,300 Total costs include the following items: Wages paid to U.S. workers $700 Wages paid to Chinese workers $400 Interest paid to a US. bank $100 Rent paid to a U.S. landlord $900 $2100 Total costs 2 W What was the value of U.S. GDR contributed by this _rm using the expenditure approach? hrch component(s) of the expenditure approach was Involved. (ii) What was the value of US. GDP contributed by this firm using the income approach? Which component(s) of the Income approach was Involved? (iii) What was the value of this rm's contribution to the Chinese GNP

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