A US-Owned Automobile Factory Uses $50 Million Worth of Materials Produced

question 214

Essay

A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10 million worth of material purchased from foreign countries to produce $100 million of automobiles. $70 million worth of these automobiles are purchased by U.S. consumers, $25 million are sold in foreign countries, and $5 million are added to inventory. How much of this production is included in U.S. GDP? By how much do these transactions alone affect U.S. net exports?

---

Definitions:

Subordinates

Individuals who are ranked lower in terms of authority or position within an organizational hierarchy, often reporting to supervisors or managers.

Transformational Leadership

Is a style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Charismatic

Possessing a special magnetic charm or appeal that inspires devotion or enthusiasm in others.

Autocratically Led Groups

Groups that are directed by a single leader who makes decisions unilaterally, without input from group members.