Which of the Following Is Included in Germany's GDP

question 200

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 is correct.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without preventing the consumption by others, and without leading to a decrease in available quantity.

Inefficient Allocation

When resources are not optimally distributed, leading to a situation where it is possible to improve at least one person's well-being without worsening any other's situation.

External Effects

Consequences of economic activities on unrelated third parties; can be positive (benefits) or negative (costs).

Knowledge Creation

The process through which new ideas, information, and understanding are generated, often leading to innovation and improvements in technology or methodology.