Answer to Question #222893 in Macroeconomics for tayy

Question

Which of the following is related with the “within in a country” principle of the GDP calculation:

Group of answer choices

Output that is produced by a South African owned textile factory in Zambia which is later supplied as finished apparels to Edgars South Africa.

A South African trained doctor, treating patients in Kenya.

Water consumed in Gauteng that is sourced from the Lesotho Highlands Water Project at a fee.

Biltong sold in a Johannesburg supermarket but produced/cured in Durban.

Answer 1

Biltong sold in a Johannesburg supermarket but produced/cured in Durban.

GDP is defined as the total expenditures for all final products and services produced inside a country during a certain time period. The Bureau of Economic Analysis (BEA) reports that the U.S. GDP totalled over $18 trillion in current currency and approximately $16.4 trillion in chained 2009 values, representing the world's highest level of GDP among all countries.