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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
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 all final 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 2021. 2021 GDP Scenario Included Excluded Gamewear, a U.S. electronics company, produces a VR headset at a plant in South Korea on March 27, 2021. Gamewear O O imports the VR headset into the United States on May 18, 2021. Lane Motors, a Japanese automobile company, produces a self-driving car at a plant in Arizona on December 9, 2021. A O O family buys the self-driving car on December 24. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 25, 2021. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2021. (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.) The Wilson family buys an antique serving platter at an auction in upstate New York on March 27, 2021. O O Thickburger, a U.S. fast-food company, produces a double cheeseburger at one of its many locations throughout the O O midwest on January 14, 2021. It sells the double cheeseburger to a customer that same day
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