If goods are produced domestically but sold overseas? 1-they are not counted in our GDP. 2-they...
If goods are produced domestically but sold overseas?
1-they are not counted in our GDP.
2-they are still counted in our GDP.
3- they are counted in our GDP and in the GDP of the country in which they were sold.
4-they are considered intermediate inputs and therefore not counted.
Homework Answers
This is considerd as an export, the exports are produced in the domestic country and sold in foreign country. The exports are counted in the GDP calculation.
.
The GDP is the sum of consumption expenditure, investment expenditure, government expenditure and net exports.
Ans: 2). They are still counted in our GDP.
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If goods are produced domestically but sold overseas?
1-they are not counted in our GDP.
2-they...
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