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The gross domestic product (GDP) of the United States is defined as the v all v v in a given period of time. Based on
The gross domestic product (GDP) of the United States is defined as the v all v v 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 2023. 2023 GDP Scenario Included Excluded Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2023. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2023. (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.) Athena's, a U.S. shoe company, produces a pair of basketball shoes at a plant in Honduras on March 10, 2023. Athena's O O imports the pair of basketball shoes into the United States on May 20, 2023. Lane Motors, a Japanese automobile company, produces a self-driving car at a plant in Arizona on December 5, 2023. A O O family buys the self-driving car on December 24. Larry's Lattes, a U.S. coffee company, produces a latte at its location in Los Angeles on January 21, 2023. It sells the O O latte to a customer immediately. Using wood from a red maple tree on your Michigan property you make a birdhouse in 2023. A similar birdhouse sells O O for $55 in a craft store
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