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1 . Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all
1 . 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 2019. 2019 GDP Scenario Included Excluded Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 3, 2019. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2019. (Note: O O Focus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.) Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 10, 2019. A family buys O O the sedan on December 26. Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 5, 2019. It sells the latte O O to a customer immediately. You chop down a cherry tree on your property in California and make a dining room table in 2019. A similar table sells O O for $800 in a local furniture store. Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 8, 2019. Calculo imports the O O calculator into the United States on May 9, 2019
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