Macroeconomics help!

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Question description

General Motors' European branch, Opel, is one of the largest car companies in Europe. Imagine Opel has European sales of $30 billion in 2003 and tax rate in Europe is 40 percent. Also Assume the tax rate in the United States is 30 percent. How much of U.S. GNP is a result of Opel's sales?

A.$0 Billion
B.$9 Billion
C.$18 Billion
D.$30 Billion

Tutor Answer

(Top Tutor) Daniel C.
School: Duke University
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