multiple select question\nselect all that apply\nwhich of the following would positively contribute to u.s…

multiple select question\nselect all that apply\nwhich of the following would positively contribute to u.s. gdp?\n□ pizza made by an italian family who owns a pizzeria in new york\n□ a pair of shoes made in italy and being sold at a department store in the u.s.\n□ a hersheys chocolate bar made in the u.s. and purchased by an american while on vacation in italy\n□ pizza made in a pizzeria in italy purchased by an american on vacation

multiple select question\nselect all that apply\nwhich of the following would positively contribute to u.s. gdp?\n□ pizza made by an italian family who owns a pizzeria in new york\n□ a pair of shoes made in italy and being sold at a department store in the u.s.\n□ a hersheys chocolate bar made in the u.s. and purchased by an american while on vacation in italy\n□ pizza made in a pizzeria in italy purchased by an american on vacation

Answer

Brief Explanations:

GDP (Gross Domestic Product) measures the market value of all final goods and services produced within a country in a given period. Goods produced within the U.S. contribute to U.S. GDP regardless of who owns the production - entity. Exports (goods produced in the U.S. and sold abroad) also contribute. Imports (goods produced abroad and sold in the U.S.) do not contribute to U.S. GDP as they are part of another country's production.

  1. Pizza made by an Italian - owned pizzeria in New York is produced within the U.S., so it contributes to U.S. GDP.
  2. A pair of shoes made in Italy and sold in the U.S. is an import, so it does not contribute to U.S. GDP.
  3. A Hershey's chocolate bar made in the U.S. and purchased by an American in Italy is an export, so it contributes to U.S. GDP.
  4. Pizza made in Italy and purchased by an American on vacation is a purchase of a foreign - produced good, so it does not contribute to U.S. GDP.

Answer:

A. Pizza made by an Italian family who owns a pizzeria in New York C. A Hershey's chocolate bar made in the U.S. and purchased by an American while on vacation in Italy