Calculate gnp based on the above data


Problem

Last year, assume that McDonald's had a profit of $1.2 billion, of which $0.8 billion was earned in foreign countries. Toyota had a profit of $2 billion (converted from yen), of which $0.6 billion was earned in the US. If US GDP was $10,200 billion, calculate GNP based on the above data.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate gnp based on the above data
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