Question :
71.AnAmericancompanyoperatesafastfoodrestaurantinParis,France.Whichofthefollowingstatementsisaccurate?
a.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinbothFrenchGDPandU.S.GDP.
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71.AnAmericancompanyoperatesafastfoodrestaurantinParis,France.Whichofthefollowingstatementsisaccurate?
a.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinbothFrenchGDPandU.S.GDP.
b.ThevalueaddedbyAmericanworkersandequipmentinFranceisincludedinU.S.GDPandthevalueaddedbyFrenchworkersandequipmentisaddedtoFrenchGDP.
c.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinFrenchGDP,butnotinU.S.GDP.
d.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinU.S.GDP,butnotinFrenchGDP.
72.MichiganCranberryCompanysold$10millionworthofcranberriesitproduced.Inproducingcranberries,itpurchased$1milliondollarsworthofsuppliesfromforeigncountriesandpaidworkerswhoresideinCanadabutcommutetotheU.S.$1million.HowmuchdidthesetransactionsaddtoU.S.GDP?
a.$12million
b.$11million
c.$10million
d.$9million
73.QualityMotorsisaJapanese-ownedcompanythatproducesautomobiles;allofitsautomobilesareproducedinAmericanplants.In2010QualityMotorsproduced$30millionworthofautomobiles,with$17millioninsalestoAmericans,$9millioninsalestoCanadians,and$4millionworthofautomobilesaddedtoQualityMotors’inventory.ThetransactionsjustdescribedcontributehowmuchtoU.S.GDPfor2010?
a.$17million
b.$21million
c.$26million
d.$30million
74.QualityMotorsisaJapanese-ownedcompanythatproducesautomobiles;allofitsautomobilesareproducedinAmericanplants.In2008, Quality Motorsproduced $25million worthof automobilesand sold$12 million intheU.S. and$13millioninMexico. Inaddition,itsold$2million fromthepreviousyear’sinventoryin theU.S.ThetransactionsjustdescribedcontributehowmuchtoU.S.GDPfor2008?
a.$12million
b.$14million
c.$25million
d.$27million
75.WhichofthefollowingitemsisincludedinU.S.GDP?
a.goodsproducedbyforeigncitizensworkingintheUnitedStates
b.thedifferenceinthepriceofthesaleofanexistinghomeanditsoriginalpurchaseprice
c.knownillegalactivities
d.NoneoftheaboveisincludedinU.S.GDP.
76.WhichofthefollowingitemsisincludedinU.S.GDP?
a.finalgoodsandservicesthatarepurchasedbytheU.S.federalgovernment
b.intermediategoodsthatareproducedintheU.S.butthatareunsoldattheendoftheGDPaccountingperiod
c.goodsandservicesproducedbyforeigncitizensworkingintheU.S.
d.AlloftheaboveareincludedinU.S.GDP.
77.WhichofthefollowingitemsisincludedinU.S.GDP?
a.theestimatedvalueofproductionaccomplishedathome,suchasbackyardproductionoffruitsandvegetables
b.thevalueofillegally-producedgoodsandservices
c.thevalueofcarsandtrucksproducedinforeigncountriesandsoldintheU.S.
d.NoneoftheaboveisincludedinU.S.GDP.
78.Whichof the following isnotincludedinU.S.GDP?
a.ThemarketvalueofanoilchangethatBenperformsonhisowncar.
b.ThemarketvalueofanoilchangeatSpeedyLube.
c.ThemarketvalueofoilpurchasedbyBen.
d.ProductionofforeigncitizenslivingintheUnitedStatesthatworkinanoilpackagingfacility.
79.Whichof the following isnotincludedinU.S.GDP?
a.additionsofnewlyproducedoutputtoinventory
b.productionofU.Scitizensworkinginforeigncountries.
c.theestimatedrentalvalueofowner-occupiedhousing
d.thevalueoffoodpurchasedfromagrocerystoretomakemealsathomewithoutpay
80.WhichofthefollowingvalueswouldbeincludedinU.S.GDPfor2015?
a.therentthatSam,anAmericancitizen,wouldhavepaidonhishomeinHoustonin2015hadhenotownedthathome.
b.therentthatJim,anAmericancitizen,paidonhisapartmentinSanFranciscoin2015.
c.thevalueofthelegalservicesprovidedbyJuan,anattorneyandaMexicancitizen,wholivedinSanAntonioandpracticedlawtherein2015
d.AlloftheabovewouldbeincludedinU.S.GDPfor2015.