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Consider a French-owned cheese factory located in Paris, France. Are the goods made by the cheese factory part of the U.S. Gross Domestic Product (GDP)? Are these goods included in the U.S. Gross National Product (GNP)? In 1 or 2 sentences, explain your response.

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The correct answer is, considering a French-owned cheese factory located in Paris, France, the goods made by the Cheese Factory are not part of the U.S. Gross Domestic Product(GDP) and these goods are not included in the U.S. National Growth Product(NGP).

The U.S. Gross Domestic Product(GDP) considers the services and products that are produced in the United States territory. The GDP represents the value of the market in any period of time. It is the monetary value of what is produced in the country.

The U.S. National Growth Product(NGP) is the value of the market considering all the products and services of U.S. companies everywhere, not only in the United States. In these cases, neither one of them is owned by an American citizen. The factory is in France and it is French-owned.


The goods made by the French-owned cheese factory will neither part of the U.S. Gross Domestic Product (GDP) nor these goods included in the U.S. Gross National Product (GNP).

What GDP and GNP?

GDP is a measure of production that only takes into account the products and services produced within the borders of a determined country during a period of time.

GNP only measures the value of products and services that are owned by a country's residents.

Thus, the cheese factory is French-owned and located in Paris. So, it will neither part of the U.S. Gross Domestic Product (GDP) nor these goods included in the U.S. Gross National Product (GNP).

Learn more about GDP and GNP here,

https://brainly.com/question/11385882

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