A german toy company manufactures its products withing US borders. If the company decides to downsize and cut production by half, what is most likelt to be impacted
neither the US GDP
both the us gdp and gnp
US gnp
Us gdp
1 answer
If a German toy company decides to downsize and cut production by half within US borders, the most likely impact would be on the US GDP (Gross Domestic Product). GDP measures the total value of goods and services produced within a country's borders in a specific period. As the company reduces its production, it would contribute less to the overall value of goods and services produced in the US, leading to a decrease in the GDP. The US GNP (Gross National Product) is a measure that includes the GDP plus income earned by US residents from overseas investments, and it is less likely to be impacted directly in this scenario.
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