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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.

Respuesta :

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

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