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How much of production is included in us gdp

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Reference no: EM132140535

A US owned automobile factory uses $50 million worth of materials produced in the US and $10 million worth of material purchased from foreign countries to produce $100 million worth of automobiles. $70 million worth of automobiles are purchased by US consumers, $25 million are sold in foreign countries and $5 million are added to inventory.

How much of this production is included in US GDP? By how much do these transactions alone affect US net exports?

Reference no: EM132140535

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