Which of the Following Is Included in Germany's GDP

question 50

Multiple Choice

Which of the following is included in Germany's GDP?
I. BMWs produced in a German-owned factory in South Carolina
Ii. the value of the stocks sold on the German stock exchange, the Frankfurt Stock Exchange
Iii. china produced by the English-owned Wedgewood Company at a factory in Berlin, Germany

• A)i and iii
• B)ii only
• C)iii only
• D)i and ii
• E)None of the above answers are correct.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of sellers and buyers, homogeneous products, and no barriers to entry or exit, leading to the optimal allocation of resources.

Marginal Cost

The additional cost incurred by producing one more unit of a product.

Total Revenue

The overall amount of money generated by a company from its sales of goods or services, before any expenses are subtracted.

Total Output

The total amount of goods and services produced by an economy or firm.