Which of the following is included in the of U.S.GDP for 2011?
i. a 2011 Cadillac Escalade produced and sold as a new car in the United States in 2011
ii. tires produced in the United States, purchased by GM, and installed on a new Cadillac Escalade sold in 2011
iii. GM cars produced in Canada
A) i only
B) ii only
C) i and iii
D) ii and iii
E) i, ii, and iii

Question

Quizplus · Accepted Answer

Only the production of the Cadillac Escalade that was sold in the United States in 2011 is included in the U.S. GDP for 2011. The tires produced in the United States and purchased by GM, and the GM cars produced in Canada are not included in the U.S. GDP.

Which of the Following Is Included in the of U