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Activities included ( and not included ) in the calculation of GDP The gross domestic product ( GDP ) of the United States is defined
Activities included and not included in the calculation of GDP
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
Scenario
GDP
Billy Bonka's, a German chocolate company, produces a chocolate bar at a plant in Pennsylvania on December
A high schooler buys the chocolate bar on December
The wilson family buys an antique serving platter at an auction in upstate New York on March
Larry's Lattes, a US coffee company, produces a latte at its location in Los Angeles on January It sells the latte to a customer immediately.
Cleancutters, a US lumber company, produces wood at a plant in Oregon on September It sells the wood to
Buildit and Partners, a developer, for use in the production of a new house that will be built in the United States in
Note: Focus exclusively on whether production of the wood increases GDP directly, and ignore the effect of production of the new house on GDP
Athena's, a US shoe company, produces a pair of basketball shoes at a plant in Honduras on March Athena's imports the pair of basketball shoes into the United States on May
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