DO YOU AGREE WITH THE BOLD ANSWERS GIVEN. PLEASE EXPLAIN IF NOT. GDP is gross do
ID: 1204163 • Letter: D
Question
DO YOU AGREE WITH THE BOLD ANSWERS GIVEN. PLEASE EXPLAIN IF NOT.
GDP is gross domestic product which means goods and services produced with in the boundary of a country. Goods sourced and sold by Wal-Mart subsidiary in Mexico - It doesn't contribute to US GDP. Goods sourced and manufactured in China and sold by Wal-Mart in the U.S.: It contributes towards US GDP. Services provided by Facebook's data center in India: it doesn't contributes towards US GDP. Furniture produced and sold by IKEA's subsidiary in Ohio: It contributes towards US GDP. AutoCAD training provided by a U.S. trainer to the architects of an architecture firm based out of Italy: It doesn't contribute towards US GDP. Joe's earning after selling his car to Jack: It contributes towards US GDP. New iPhone sold in grey market: It contributes towards US GDP (A grey market includes distribution channels, which are legal but are unofficial, unauthorized, or unintended by the original manufacturer for the trade of a product). Opium sold in subways and parking lots: It doesn't contribute towards US GDP (because it is parallel economy). Earnings collected by selling the tickets of Madonna's dance show in Tokyo: it doesn't contribute towards US GDP. Earnings by selling the tickets of Indian Film Festival Awards in Texas: It doesn't contribute towards US GDP.Explanation / Answer
1) Yes it does
2) Yes it does
3) No since salary
4) Yes it does
5 ) doesnt't Because US trainer taxes are cut by Italy and paid by Italy firm.
6) yes it does
7) yes it does
8) since opium is illegal hence no
9) No it doesnt
10) yes it does. since India is using US services
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