A US-Owned Automobile Factory Uses $100,000 Worth of Parts Purchased from from Foreign

question 244

Multiple Choice

A U.S.-owned automobile factory uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produce 30 cars worth $20,000 each. Twenty of these cars are sold and 10 are left in inventory. How much did these actions add to GDP?

• A) $300,000
• B) $500,000
• C) $600,000
• D) $700,000

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Definitions:

Cause

The source or reason something happens, leading to a particular effect or outcome.

Method of Residues

A technique in scientific and logical analysis where elements accounted for by existing explanations are removed to isolate the effect of a single factor.

Radioactivity

The spontaneous emission of particles or radiation from the nucleus of an unstable atom, transforming it into a different element.

Moonlight

To work at an additional job, often secretly and at night.