A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by

Question

3 years ago

5

A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by

a Thai firm, a $1240 television made by a Korean firm in Korea, and $220 on groceries from a local store.
As a result, U.S. GDP :

a. increases by $40.

b. increases by $220.

c. increases by $280.

d. increases by $1500.

Business

1 answer:

rewona [7] · Answer 1 · 2022-07-01T11:19:04+03:00

rewona [7]3 years ago

6 0

Answer:

Shoes from the Thai and korean firm is part of imports

Imports=40+1240=1280

Domestic consumption=220

Security check is part of government spending=1500

GDP=1500+220-1280=440