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Mitsubishi Heavy Industries makes the wings of the new Boeing 787 Dreamliner in Japan. Toyota assembles cars for the U.S. market in Kentucky.
Choose the correct statement.
A) If any parts for the cars come from Japan, the parts are Japanese imports.
B) When the wings are sent to the United States, their value appears as Japanese exports in calculating Japan's GDP.
C) The production of the wings by Mitsubishi Heavy industries is included in world GDP but not in Japan's GDP because the wings will be shipped to the United States.
D) The production of cars by Toyota in Kentucky is included in Japsn's GDP because Toyota is a Japanese firm.
Over the last 13 years, since the Euro was introduced, what significant changes have we seen with Euro/USD exchange rate? Which currency has appreciated and which has depreciated over the past 13 years? What are two reasons for why this has occurred?
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Nonmarket work includes time spent
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