If a foreign citizen grows corn in the US then sells it to a grocery store in his/her native country, is this transaction included in the GDP? I think so, right?
2007-04-19 09:34:16 · 3 answers · asked by mrsahmedhashmi 1 in Social Science ➔ Economics
yes as long as it is produced in the us it will count toward gdp... however it would not count toward gnp
2007-04-23 09:18:10 · answer #1 · answered by SMARTY PANTS 2 · 0⤊ 0⤋
the respond is that it does not exchange GDP. GDP is a level of all products and amenities produced interior a international locations boarders interior a given volume of time (extra often than not a million 12 months). Sine the printer grew to become into synthetic the previous 12 months, say it grew to become into made it 2008, and the internet web site developer offered it in 2009. it would have counted on the 2008 GDP, yet no longer the 2009 GDP while it grew to become into offered by using the internet developer.
2016-12-29 10:44:45 · answer #2 · answered by ? 3 · 0⤊ 0⤋
yes. exports count toward GDP and nationalities don't matter.
2007-04-19 20:28:39 · answer #3 · answered by meg 7 · 0⤊ 0⤋