Identify Which of the Following Goods Are Part of the Current

question 86

Essay

Identify which of the following goods are part of the current year's U.S. GDP and which are considered current year's U.S. GNP; explain. (Note: Ford is a company owned by U.S. citizens and Toyota is a company owned by Japanese citizens.)
(a) a Ford produced in Mexico
(b) a Toyota produced in California
(c) a meal you make for a dinner party
(d) an American-made vintage T-shirt from Led Zeppelin's 1971 North American tour you bought online last week

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Definitions:

Bone Structure

The physical composition and arrangement of bones within the skeletal system, which supports and shapes the body.

High Uniqueness

The quality of being very distinctive or uncommon, setting something apart from others in a significant or notable way.

Expression Of Emotions

The way individuals convey their feelings to others, through facial expressions, gestures, tone of voice, and other nonverbal signals.

Innate

Existing naturally or by heredity rather than being learned through experience.