Mac2: GDP formula, GDP transactions

Last updated almost 6 years ago
5 questions
1

Which of the following is the correct equation for GDP?

1

Ford Motor Company produces $10 million in automobiles and sells them to customers in China. In which category of GDP does this transaction go?

1

Lockheed company produces and sells 45 fighter jets to the U.S. military. In which category of GDP does this transaction go?

1

See's candy in San Francisco produces and sells candy to families in the United States for the Holidays. In which category of GDP does this transaction go?

1

A construction company build new houses in the Planters subdivision. In which category of GDP does this transaction go?