Asked by Samantha Valadez on May 17, 2024
Verified
The value of the films starring Charlie Chaplin produced in the United States that still exist will not be included in this year's U.S.gross domestic product (GDP) because:
A) Charlie Chaplin was not an American citizen.
B) Charlie Chaplin did not make the films this year.
C) the films earn less revenue.
D) the films no longer have any value except to collectors.
E) films are intermediate goods.
Gross Domestic Product
A measure of the economic production of a country within a given time period, calculated by adding the value of all goods and services produced within that country.
Charlie Chaplin
A British comedian, filmmaker, and composer who became one of the most iconic figures in the silent film era with his on-screen character, "The Tramp."
- Understand the calculation and interpretation of GDP, including what is excluded or included in its calculation.
Verified Answer
EM
Estefani MaldonadoMay 24, 2024
Final Answer :
B
Explanation :
The question specifically states that the films were not made this year, therefore they cannot be included in this year's GDP. The other options are irrelevant or incorrect.
Learning Objectives
- Understand the calculation and interpretation of GDP, including what is excluded or included in its calculation.