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  1. Topics
  2. Business
  3. Principles of Economics Study Set 4
  4. Quiz 15: Spending, Income, and GDP

Which of the Following Transactions Would Be Included in the Gdp

Question 57
Multiple Choice

Which of the following transactions would be included in the GDP of the United States? A)Coca Cola produces soft drinks in England. B)Honda produces cars in Ohio. C)McDonalds sells hamburgers in Russia. D)Ford Motor Company produces cars in Mexico.

Related questions
Q 58
Which of the following would be included in the GDP of the United States? A)Boeing builds a plane in Seattle that is sold to Air Canada. B)Chrysler produces a car in Germany that is sold in Michigan. C)Nestle produces a candy bar in Switzerland that is sold in San Francisco. D)Planet Hollywood serves customers in a restaurant in Hong Kong.
Q 59
In 2010,Janice Quinn sells a five-year-old car to Used Car,Inc.for $3,000.In the same year,Used Car,Inc.resells the car to Hilda Quinn Goner for $3,500.What is the contribution of these transactions to GDP in the year 2010? A)$0 B)$500 C)$3,000 D)$6,500
Q 60
In 2009,Pete Rich purchases a painting done by Rembrandt in 1642 for $20 million.He also pays a one percent commission to the auction house that sold the painting.What is the contribution of these transactions to GDP in the year 2009? A)$0 B)$200,000 C)$2 million D)$20.2 million
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