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A restaurant in the US imports $5,000 of Belgian beer into the U.S. and sells the beer together with hamburgers and fries. The inputs used to produce the hamburgers and fries were produced entirely within the US. The revenue received by the restaurant from the sale of burgers, fries, and beer is $45,000. As a result of these transactions: O Belgian GDP is unchanged and U.S. GDP rises by $50,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $45,000. O Blhmian GDP is unchanged and U.S. GDP rises by $45,00. O Belgian GDP rises by $5,000 and U.S. GDP rises by $40.000.

A restaurant in the US imports $5,000 of Belgian beer into the U.S. and sells the beer together with hamburgers and fries. The inputs used to produce the hamburgers and fries were produced entirely within the US. The revenue received by the restaurant from the sale of burgers, fries, and beer is $45,000. As a result of these transactions: O Belgian GDP is unchanged and U.S. GDP rises by $50,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $45,000. O Blhmian GDP is unchanged and U.S. GDP rises by $45,00. O Belgian GDP rises by $5,000 and U.S. GDP rises by $40.000.

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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Q7 A restaurant in the US imports $5,000 of Belgian beer into the U.S. and sells the beer together with hamburgers and fries. The inputs used to produce the hamburgers and fries were produced entirely within the US. The revenue received by the restaurant from the sale of burgers, fries, and beer is $45,000. As a result of these transactions: O Belgian GDP is unchanged and U.S. GDP rises by $50,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $45,000. O Bihnian GDP is unchanged and U.S. GDP rises by $45,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $40,000.
Transcribed Image Text:Q7 A restaurant in the US imports $5,000 of Belgian beer into the U.S. and sells the beer together with hamburgers and fries. The inputs used to produce the hamburgers and fries were produced entirely within the US. The revenue received by the restaurant from the sale of burgers, fries, and beer is $45,000. As a result of these transactions: O Belgian GDP is unchanged and U.S. GDP rises by $50,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $45,000. O Bihnian GDP is unchanged and U.S. GDP rises by $45,000. O Belgian GDP rises by $5,000 and U.S. GDP rises by $40,000.
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