Discuss which of the following activities will contribute in the U.S. GDP. Support your responses with appropriate rationale.
• Goods sourced and sold by Wal-Martsubsidiary in Mexico
• Goods sourced and manufactured in China andsold by Wal-Mart in the U.S.
• Services provided by Facebook’s data centerin India
• Furniture produced and sold by IKEA’ssubsidiary in Ohio
• AutoCAD training provided by a U.S. trainerto the architects of an architecture firm based out of Italy
• Joe’s earning after selling his car to Jack
• New iPhone sold in grey market
A grey market includes distribution channels, which are legal but are unofficial,unauthorized, or unintended by the original manufacturer for the trade of a product.
• Opium sold in subways and parking lots
• Earnings collected by selling the tickets of Madonna’s dance show in Tokyo
• Earnings by selling the tickets of Indian Film Festival Awards in Texas