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Social Science Clinic => Economics => Topic started by: xclash on Apr 19, 2019

Title: Related to the Economics in Practiceon p. 427: If a Swiss dealer sells a newly produced Swiss watch ...
Post by: xclash on Apr 19, 2019

Question 1

Related to the 
Economics in Practice on p. 427: The value of the used goods sold on eBay from a U.S. seller to a U.S. buyer is

◦ counted in U.S. GDP but not GNP.
◦ counted in U.S. GNP but not GDP.
◦ counted in both U.S. GDP and GNP.
◦ not counted in either U.S. GDP or GNP.

Question 2

Related to the 
Economics in Practice on p. 427: If a Swiss dealer sells a newly produced Swiss watch on eBay to a U.S. customer, the value of the watch is

◦ counted in U.S. GDP.
◦ counted in U.S. GDP and Swiss GDP.
◦ counted in Swiss GDP.
◦ not counted in either U.S. or Swiss GDP.

Title: Related to the Economics in Practiceon p. 427: If a Swiss dealer sells a newly produced Swiss watch ...
Post by: C.mcnichol98 on Apr 19, 2019

Answer 1

not counted in either U.S. GDP or GNP.

Answer 2

counted in Swiss GDP.

Title: Related to the Economics in Practiceon p. 427: If a Swiss dealer sells a newly produced Swiss watch ...
Post by: xclash on Apr 19, 2019

TY

Title: Related to the Economics in Practiceon p. 427: If a Swiss dealer sells a newly produced Swiss watch ...
Post by: C.mcnichol98 on Apr 19, 2019

You're welcome