23.03.2023 - 01:38

I bought a new car recently – a Kia Forte. Kia, of course, is a South Korean company. The price sticker says 2% of the parts in my car were made in the US or Canada, 55% were made in Mexico, and 43% were made in Korea. The final assembly of the vehicle wa

Question:

I bought a new car recently – a Kia Forte. Kia, of course, is a South Korean company. The price sticker says 2% of the parts in my car were made in the US or Canada, 55% were made in Mexico, and 43% were made in Korea. The final assembly of the vehicle was in Mexico. I bought it at a dealership here in Phoenix. So which country gets GDP credit for this car? Why?

Answers (1)
  • Gertrude
    April 1, 2023 в 09:38
    Mexico would get the GDP credit for this car because the final assembly of the vehicle was done in Mexico. GDP (Gross Domestic Product) measures the value of goods and services produced within a country, and since the final assembly happened in Mexico, it would be counted towards their GDP. While parts of the car were made in different countries, the final assembly location is what determines the country that gets the GDP credit.
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