2015: $29 in engine parts imported into Canada and $44 in engine parts produced in Canada. 2016: GM Canada firm takes these engine parts and produces $260 worth in engines. 2017: GM Canada exports these engines (receiving $260) to GM US. GM US uses these parts to create $486 in cars. Based on the information provided, what was the contribution to Canada's GDP in 2017? (Remember, do not enter the $, and enter the negative sign if appropriate.) 260

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2015: $29 in engine parts imported into Canada and $44
in engine parts produced in Canada. 2016: GM Canada
firm takes these engine parts and produces $260 worth
in engines. 2017: GM Canada exports these engines
(receiving $260) to GM US. GM US uses these parts to
create $486 in cars.
Based on the information provided, what was the
contribution to Canada's GDP in 2017? (Remember, do
not enter the $, and enter the negative sign if
appropriate.)
260
Transcribed Image Text:2015: $29 in engine parts imported into Canada and $44 in engine parts produced in Canada. 2016: GM Canada firm takes these engine parts and produces $260 worth in engines. 2017: GM Canada exports these engines (receiving $260) to GM US. GM US uses these parts to create $486 in cars. Based on the information provided, what was the contribution to Canada's GDP in 2017? (Remember, do not enter the $, and enter the negative sign if appropriate.) 260
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