An important determinant of a nation's standard of living in the long run is its net exports

Bryan Mackenzie, from Los Angeles, California, is an independent computer consultant. Companies all over the world hire him to design their computer systems. Are the services he renders in Tokyo, Japan, included in the United States GNP? Are they included in the United States GDP? Explain your answers

Define an economy. Illustrate with an example that the economic life of every individual is interconnected