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Macroeconomics

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Moderate

What is Gross Domestic Product (GDP)?

MACRO-K7J0FL

Suppose an American company manufactures jeans in China.

The value of this production would

A

be included in both the US and Chinese GDP on a 50/50 basis.

B

not be included in either country’s GDP.

C

be included only in America’s GDP.

D

be included only in China’s GDP.