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. final goods and services consumed transactions will be included in that is, directly increase) the GDP of the United States in final and intermediate goods and services produced final goods and services produced 2020 GDP Included Excluded Scenario Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 11, 2020. Calculo imports the calculator into the United States on May 29, 2020. o o Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 2020. 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 2020. (Note: 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.) O o Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 6, 2020. It sells the latte to a customer immediately. O The Jones family buys an antique silver platter at an auction in upstate New York on March 11, 2020. o o Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 14, 2020. It sells the table to a college student on December 24. O O