Cars made in a japanese-owned factory located in north carolina are counted in
only the gross domestic product
only the gross national product
both the gross domestic product and the gross national product

ANSWER: Both the Gross Domestic Product and the Gross National Product

EXPLANATION: Gross domestic (GDP) is a monetary measure of the market value of all the final goods and services produced in a period (quarterly or yearly) of time. This means that anything that is produced in the country is considered and added to the GDP of the country.

Gross National Product (GNP) is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents. This includes the earning of the residents who are employed in any company having overseas investments and excludes the earnings of foreign residents who are employed in any company having domestic investments.

In this case, the Japanese-owned factory which is located in North Carolina is producing cars employing local residents which is a regular practice. Residents of USA are getting paid from the company having Japanese investments. This fulfills both the criteria of producing cars in US territory thus including it in Gross Domestic Product (GDP) and the citizens of USA earning money from Japanese company thus including it in the Gross National Product (GNP)

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