Business, 05.09.2020 03:01, loudenalexisp56lp0
The gross domestic product (GDP) of the United States is defined as 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 2017.
2017 GDP
Scenario Included Excluded
Tasty's, a U. S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 18, 2017. It sells the hamburger to a customer that same day.
An owner of cherry tree in Califonia chop down and make a dining room table in 2017. A similar table sells for $800 in a local furniture store.
Graincorp, a U. S. agricultural company produces corn syrup at a plant in Iowa on September 19, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017.
Calculo, a U. S. electronics company produces a calculator at a plant in Indonesia on March 4, 2017. Calculo imports the calculator into the United States on May 28, 2017.
Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 12, 2017. An elementary school student buys the chocolate bar on December 24.
Answers: 3
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The gross domestic product (GDP) of the United States is defined as all in a given period of time. B...
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