Question

Classify the items as to whether or not they would be included in calculating the GDP for Canada. If a country is not specified, assume the action is done in Canada.

Answer 1

Included in the GDP of the Canada.: Honda assembly and sale of cars in the U.S

What is  GDP?

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced by countries in a given time period. Because of its complex and subjective nature, this metric is frequently revised before it can be considered a reliable indicator.

Consumption, investment, government spending, exports, and imports are the components of GDP calculated using the expenditures approach.

From 1996 to 2022, India's GDP Growth Rate averaged 1.63 percent, with a high of 24.80 percent in the third quarter of 2020 and a low of -24.20 percent in the second quarter of 2020.

To know more about  GDP follow the link:

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