ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A shoe produced in South Korea and sold in the U.S.
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Included in U.S. GDP
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Included in South Korea GDP
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Included in Canadian GDP
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None of the above
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Explanation:
Detailed explanation-1: -In 2022, the gross domestic product (GDP) produced from the manufacturing sector in South Korea amounted to approximately 524.5 trillion South Korean won, being the most valuable sector by far in comparison to other sectors of the country.
Detailed explanation-2: -GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2021, South Korea’s GDP was around 1.81 trillion U.S. dollars. See global GDP for a global comparison. South Korea is doing quite well economically.
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