Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for smaller, more

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Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles. In 2008, Toyota started building a plant to produce the 2010 Prius for the U.S. market in Blue Springs, Mississippi. Earlier models of the Prius were produced in Asia.

(i). Explain how this change by Toyota will influence U.S. GDP and the components of aggregate expenditure.

ii). Explain how this change by Toyota will influence the factor incomes that make up U.S. GDP.

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Marketing management

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Authors: Philip Kotler, Kevin Lane Keller

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Posted Date: Jan 13, 2021 03:44 PM

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Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for smaller, more

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ANS The US GDP will substantially rise as there as the introduction of new production plant in the U... View the full answer

Marketing management

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