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lyudmila [28]
3 years ago
5

Consider a French-owned cheese factory located in Paris, France. Are the goods made by the cheese factory part of the U.S. Gross

Domestic Product (GDP)? Are these goods included in the U.S. Gross National Product (GNP)? In two to three sentences, explain your response.
Social Studies
1 answer:
Ksenya-84 [330]3 years ago
7 0

The answer to both questions is no:

1. The goods made in a French-owned cheese factory located in Paris, France are not part of the U.S. Gross Domestic Product (GDP) because GDP is a measure of production that only takes into account the products and services produced within the borders of a determined country during a period of time. Paris is not within the U.S. borders, so cheese produced there would not be part of the U.S. GDP.

2. The goods made in a French-owned cheese factory located in Paris, France are not included in the U.S. Gross National Product (GNP) because GNP only measures the value of products and services that are owned by a country's residents. The cheese factory is French-owned, so it's product is not included in the U.S. GNP.

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Differences  between the colonies

  • There are some economic differences exist between the Middle Colonies, New England Colonies and Chesapeake and Southern Colonies due to the fact that they had different sources of income generation

  • They are unwilling to subjugate others.

Common beliefs are;

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  • They share a goal of living unfettered by the tyrannies of royal authority, official religion, and social hierarchies.

For better understanding, lets explain the similarities and differences

  • The Economic differences is a common difference among the colonies. The Middle Colonies are simply small farmers, craftsmen and merchants, who depended on each other. They are also Indentured servants with small settlements that is spread out from each other.

  • The New England Colonies are regarded as self-sufficient farmers and merchants who uses family and community and they are closely knitted. They have a well ordered towns while the Chesapeake and Southern Colonies has plantations, they also cultivate single crop (tobacco or rice).

  • They are often Isolated and they have a spread out settlements and some social differences also exist.

  • Other similarities is they are alike due to their close ties to England. and they are mostly occupied by English-speaking people.

From the above, we can therefore say that the answer

Differences  between the colonies;

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  • They are unwilling to subjugate others.

Common beliefs are;

  •  The desire to create an agricultural society.
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Learn more about american colonies from:

brainly.com/question/2262030

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