Which of the Following Examples of Production of Goods and Services

question 9

Multiple Choice

Which of the following examples of production of goods and services would be included in U.S. GDP?

• A)Samantha, a Canadian citizen, grows sweet corn in Minnesota and sells it to a grocery store in Canada.
• B)Ian, an American citizen, grows peaches for his family in the back yard of their Atlanta home.
• C)Leo, an American citizen, grows marijuana in his Seattle home and sells it to his friends and neighbors.
• D)None of the above examples of production would be included in U.S. GDP.

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Definitions:

Dominant Strategy

A strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Internationalization

The process of designing products, services, and strategies in a way that they can easily be adapted to various international markets.

World Economy

An interconnected global system of economic activities, trade, and investment across countries.

Interconnected

Being linked or related in such a way that each element affects or is affected by others.