1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada 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 Canada in 2015. 2015 GDP Scenario Included Excluded Awake Cafe, a Canadian coffee company, produces a latte at its location in Brampton on January 14, 2015. It sells the O O latte to a customer immediately. Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 27, 2015. O O Roadway Motors imports the convertible into Canada on May 18, 2015. The Jones family buys an antique silver platter at an auction in Vancouver on March 27, 2015. O O Fastlane, a Japanese automobile company, produces a sedan at a plant in Oakville on December 9, 2015. A family buys O O the sedan on December 24. Graincorp, a Canadian agricultural company, produces corn syrup at a plant in Saskatchewan on September 25, 2015. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in Canada in 2015. (Note: Focus O O exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. market value of Based on this definition, indicate which of the following transad wholesale cost of d in (that is, directly increase) the GDP of Canada in 2015. cost of producing 2015 GDP Scenario Included Excluded Awake Cafe, a Canadian coffee company, produces a latte at its location in Brampton on January 14, 2015. It sells the O O latte to a customer immediately. Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 27, 2015. O O Roadway Motors imports the convertible into Canada on May 18, 2015. The Jones family buys an antique silver platter at an auction in Vancouver on March 27, 2015. O O Fastlane, a Japanese automobile company, produces a sedan at a plant in Oakville on December 9, 2015. A family buys the sedan on December 24. O O Graincorp, a Canadian agricultural company, produces corn syrup at a plant in Saskatchewan on September 25, 2015. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in Canada in 2015. (Note: Focus O exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the O cereal on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. final goods and services produced transactions will be included in (that is, directly increase) the GDP of Canada in 2015. final goods and services consumed 2015 GDP final and intermediate goods and services produced Included Excluded Awake Cafe, a Canadian coffee company, produces a latte at its location in Brampton on January 14, 2015. It sells the O O latte to a customer immediately. Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 27, 2015. O Roadway Motors imports the convertible into Canada on May 18, 2015. The Jones family buys an antique silver platter at an auction in Vancouver on March 27, 2015. O Fastlane, a Japanese automobile company, produces a sedan at a plant in Oakville on December 9, 2015. A family buys the sedan on December 24. O O Graincorp, a Canadian agricultural company, produces corn syrup at a plant in Saskatchewan on September 25, 2015. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in Canada in 2015. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the O O cereal on GDP.)1. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of Canada is defined as the all in a given period of time. by Canadian citizens Based on this definition, indicate which of the following transacti jectly increase) the GDP of Canada in 2015. within Canada 2015 GDP Scenario by Canadian-owned companies Included Excluded Awake Cafe, a Canadian coffee company, produces a latte at its location in Brampton on January 14, 2015. It sells the O O latte to a customer immediately. Roadway Motors, a Canadian automobile company, produces a convertible at a plant in Germany on March 27, 2015. Roadway Motors imports the convertible into Canada on May 18, 2015. O O The Jones family buys an antique silver platter at an auction in Vancouver on March 27, 2015. O O Fastlane, a Japanese automobile company, produces a sedan at a plant in Oakville on December 9, 2015. A family buys the sedan on December 24. O O Graincorp, a Canadian agricultural company, produces corn syrup at a plant in Saskatchewan on September 25, 2015. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in Canada in 2015. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the O cereal on GDP.)
