Question

Which of the following will be counted as part of the U.S.'s GDP for a given year? Select one: a. Fuel purchased by U.S. Airways to fly from Washington, DC to New York City b. Cleaning service by an illegal immigrant that is not reported to the IRS C. A whopper burger produced by Burger King in Tel Aviv, Israel d. A painting that was made by Jackson Pollock in the 1940s and sold in an auction that year e. A lawnmower produced by Honda in Kentucky and sold in Canada

Answer 1

From the givem senarios, the senario which will be counted in U.S’s GDP for a given year will be a lawnmower produced by Honda in Kentucky and sold in Canada. This is because the lawnmower was produced in U.S and in the current period only. So, option e is the correct answer.

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