Q1. Which of the following is directly included in the U.S. GDPfor 2020?

i. 2020 Cadillac Escalade produced and sold as a new car in theUnited States in 2020

ii. tires produced in the United States, purchased by GeneralMotors, and installed on a new Cadillac Escalade sold in 2020

iii. General Motors cars produced in Canada because GeneralMotors is an American corporation.

Q2. As more women decide to work outside the home and thereforehire others to work around their home, GDP will increase by

a. only the value of the output produced by the newly workingwomen.

b. only the value of the household work they are now hiringsomeone to perform.

c. the value of the output produced by the newly working womenplus the value of any household work they are now hiring someone toperform.

d. the value of the output produced by the newly working womenminus the value of the household work they were previouslyperforming.

Q3. The base year is 2018. A country only produces Blu-rayplayers. The price of a Blu-ray player in 2018 was $100. The priceof a Blu-ray player was $90 in 2019. The quantity of Blu-rayplayers produced in 2018 was 10,000 units and in 2019 was 10,500units. Nominal GDP in 2018 was____, real GDP in 2018 was, nominalGDP in 2019 was _____and real GDP in 2019 equals_____.

Group of answer choices

a. $1,000,000; $1,000,000; $945,000; $1,050,000

b. $1,050,000; $1,000,000; $900,000; $945,000

c. $945,000; $900,000; $1,000,000; $1,050,000

d. $900,000; $945,000; $1,050,000; $1,000,000