When people living in America spend $10,000 to buy imported goods at the shopping mall, how does this affect U.S. GDP? O GDP decreases because we are buying foreign goods and not American goods. O GDP is not affected because the goods are not produced in America. O GDP increases by $10,000 because the consumers live in America. O GDP increases by an amount equal to the value added by the stores in the shopping mall.

ENGR.ECONOMIC ANALYSIS
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When people living in America spend $10,000 to buy imported goods at the shopping
mall, how does this affect U.S. GDP?
O GDP decreases because we are buying foreign goods and not American goods.
O GDP is not affected because the goods are not produced in America.
O GDP increases by $10,000 because the consumers live in America.
O GDP increases by an amount equal to the value added by the stores in the shopping mall.
W
ASUS
8
R
Transcribed Image Text:When people living in America spend $10,000 to buy imported goods at the shopping mall, how does this affect U.S. GDP? O GDP decreases because we are buying foreign goods and not American goods. O GDP is not affected because the goods are not produced in America. O GDP increases by $10,000 because the consumers live in America. O GDP increases by an amount equal to the value added by the stores in the shopping mall. W ASUS 8 R
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Step 1

GDP or gross domestic product is the value of final goods and services produced in an economy during a given time period within the domestic territory of the country. 

Imports are the goods which are bought from foreign countries. 

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