Luxury cars contribute to GDP because they are made in relatively small factories and with relatively small amounts of people. Because luxury cars have many patents, it is difficult for another car company to copy that car, therefore you have eliminated the competition and you can charge as much as you want for your car, people will still buy it, simply because there are so few of it. You asked why a luxury contributed "more" to GDP, but you didn't say what you are comparing it to. However, I hope these few facts help you.
By definition GDP is the market value of produced goods and services provided in the economy usually in one year. So the production of a luxury car contributes more to GDP than the production of an economy car because the luxury car has a higher market value.
In general, yes., the GDP would be higher.
fishing contributes 0.9% to the GDP of Pakistan
all of the resources of production together produce the GDP
i think the oputdound tourism spends more money then all of us
Services rendered to tourism such as building hotels is an activity that qualifies as a GDP activity.
Investing in newer technology, such as automation, data analytics, and artificial intelligence, can enhance productivity and efficiency in industries. This can lead to increased production and output, ultimately boosting GDP. Additionally, upgrading and modernizing factories and buildings can improve infrastructure, create job opportunities, and attract more businesses, which may contribute to economic growth.
Growth domastic production
Luxury car as the auto maker makes more profit on the expensive car, thus putting more back into the economy.
45%
Gross Domestic Production
GDP is a measure, a better question is what affects GDP. GDP is, specifically a measure of a country's production. A higher GDP signals growth, efficient production, it may affect policy decisions, it may affect Federal Reserve decisions (money supply and interest rate, target inflation rate etc.)