Business, 15.02.2021 19:40 Isaacochoa780

Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all 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 2018. Scenario 2018 GDP Included Excluded An accountant starts a client's 2018 tax return on April 14, 2019, finishing it just before midnight on April 15, 2019. Awake Cafe, a U. S. coffee company, produces a latte at its location in Minneapolis on January 9, 2018. It sells the latte to a customer immediately. Calculo, a U. S. electronics company, produces a calculator at a plant in Indonesia on March 17, 2018. Calculo imports the calculator into the United States on May 21, 2018. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 5, 2018. A family buys the sedan on December 24. Graincorp, a U. S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2018. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2018. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)

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Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of...

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