State whether the following statements are true or false, then explain. 1. Buying a Japanese-brand vehicle that was made in Texas would harm the U.S. GDP. 2. Ken is not a U.S. citizen but teaches at the University of Chicago. The salary of his service cannot be counted towards the U.S. GDP. 3. A $20,000 car was produced and sold to a car dealer in 2019, but it was sold to final consumer in 2020 for $20,000 – then $20,000 is counted to the GDP of 2020.
State whether the following statements are true or false, then explain. 1. Buying a Japanese-brand vehicle that was made in Texas would harm the U.S. GDP. 2. Ken is not a U.S. citizen but teaches at the University of Chicago. The salary of his service cannot be counted towards the U.S. GDP. 3. A $20,000 car was produced and sold to a car dealer in 2019, but it was sold to final consumer in 2020 for $20,000 – then $20,000 is counted to the GDP of 2020.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Please answer the correct answer please both are questions 1.2.3 explain please ASAP
Don't answer by pen paper please
State whether the following statements are true or false, then explain.
1. Buying a Japanese-brand vehicle that was made in Texas would harm the U.S.
2. Ken is not a U.S. citizen but teaches at the University of Chicago. The salary of his service
cannot be counted towards the U.S. GDP.
3. A $20,000 car was produced and sold to a car dealer in 2019, but it was sold to final consumer
in 2020 for $20,000 – then $20,000 is counted to the GDP of 2020.
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