Which of the Following Is Included in Singapore's GDP

question 34

Multiple Choice

Which of the following is included in Singapore's GDP?

• A)The value of production by a Singaporean working in the U.S.
• B)The value of production by an American working in Singapore
• C)The value of production by a Singaporean that crosses the border to work in Malaysia.
• D)All of the above are correct.

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and responsibility for goods at the seller's location, and thus is responsible for the shipping costs and potential damages.

Ownership

The legal right or title to an asset or property, encompassing the control, use, and disposition of the asset.

Perpetual System

An inventory management system that records sales and purchases of goods instantly through computerized systems to maintain accurate inventory levels at all times.

Revenue Side

Refers to the income-generating aspects of a business, focusing on activities that bring revenue into the company.