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Activities included ( and not included ) in the calculation ofGDP The gross domestic product ( GDP ) of the United States is defined as
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
tableScenarioGeneric Motor Company, a US automobile company, produces a pickup truck at a manufacturing facility in Lordstownon January It sells the car at a dealership in Miami on February Rotato a US tire company, produces a set of tires at a plant in Michigan on September It sells the set oftires to Speedmaster for use in the production of a twodoor coupe that will be made in the United States in Note: Focus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect ofproduction of the twodoor coupe on GDPAn accountant starts a client's tax return on April finishing it just before midnight on April Sleepytown a Finnish furniture company, produces a bed frame at a plant in Virginia on December It sells thebed frame to a college student on December Gamewear a US electronics company, produces a VR headset at a plant in South Korea on March Gamewearimports the VR headset into the United States on May
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