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Question: 2 activities included and not included in the calculation ofgdp...

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2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the _market value of al final and intermediate goods and services produced ▼ within the United States ▼ in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017. 2017 GDP Scenario Included Excluded Tastys, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 21, 2017. It sells the hamburger to a customer that same day. Treetopplers, a U.S. lumber company, produces wood at a plant in Oregon on September 13, 2017. It sells the wood to Buildit and Partners, a developer, for use in the production of a new house that will be built in the United States in 2017. (Note: Focus exclusively on whether production of the wood increases GDP directly, and ignore the effect of production of the new house on GDP.) Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 5, 2017. It sells the table to a college student on December 24 An accountant starts a clients 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 10, 2017. Athleticus imports the pair of sneakers into the United States on May 20, 2017. Grade It Now Save & Continue Continue without saving

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