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David lives in Canada. He operates a pizza business in his native town. Robert is Canadian, but he works in the United States. On a typical day, David makes $275 in sales, of which he pays to the government $25 in sales taxes. Robert makes $150 in wages, of which he pays the US government $15 in income taxes. There are no other costs or taxes. Based on this information, compute David and Robert's contribution to the following measures of income:

a. Canadian GDP
b. Canadian GNP
c. US GDP
d. US GNP

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M939111

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