Question Details

 In the definition of GDP, ʺmarket valueʺ refers to


 
1) GDP is defined as the market value of all ________ in a given time period.
A) final goods produced in a country
B) final goods and services produced by citizens of a particular country regardless of where
in the world they are located
C) final goods and services produced in a country by only the citizens of the country
D) final goods and services produced in a country
2) In the definition of GDP, ʺmarket valueʺ refers to
A) valuing production in production units.
B) not counting intermediate products.
C) valuing production according to the market price.
D) when the production took place.
3) In the United States, GDP is typically measured
A) monthly.
B) quarterly.
C) daily.
D) weekly.
4) If Nike, an American corporation, produces sneakers in Thailand this would
A) count as part of U.S. GDP since it is a U.S. corporation.
B) count for both Thailandʹs GDP and U.S. GDP.
C) add to Thailandʹs GDP but not to U.S. GDP.
D) add to neither U.S. GDP nor Thailandʹs GDP.
5) If Frito Lay, an American snack company, opens a new manufacturing facility in Mexico and
produces snacks which are distributed in South America, then Mexicoʹs GDP ________ and U.S.
GDP ________.
A) increases; does not change
B) does not change; increases
C) increases; decreases
D) increases; increases



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