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Based on this definition, indicate which of the following transactions will be included in ( that is , directly increase ) the GDP of the
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
Included
Excluded
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
Athenas a US shoe company, produces a pair of basketball shoes at a plant in Honduras on March Athenas imports the pair of basketball shoes into the United States on May
Sleepytown, a Finnish furniture company, produces a bed frame at a plant in Virginia on December It sells the bed frame to a college student on December
Generic Motor Company, a US automobile company, produces a pickup truck at a manufacturing facility in Lordstown on January It sells the car at a dealership in San Francisco on February
Using wood from a red maple tree on your Michigan property you make a birdhouse in A similar birdhouse sells for $ in a craft store.
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