2. Activities included (and not included) in the calculation ofGDP all The gross domestic product (GDP) of the United States is defined as the in a given period of time. Based on this definition,...

Drop box one options ( costs of producing or market value of or wholesale cost of) Drop box two (final and intermediate goods and services produced or final goods and services produced or final goods and services consumed) drop box three (by u.s citizens or by us owned companies or within the United States)


Extracted text: 2. Activities included (and not included) in the calculation ofGDP all The gross domestic product (GDP) of the United States is defined as the 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 2020. 2020 GDP Included Excluded Scenario Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 19, 2020. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2020. (Note: Focus the exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production cereal on GDP.) Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 15, 2020. Roadway Motors imports the convertible into the United States on May 3, 2020. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 12, 2020. An elementary school student buys the chocolate bar on December 24. The Jones family buys an antique silver platter at an auction in upstate New York on March 15, 2020. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 8, 2020. It sells the car at a dealership in Denver on February 14, 2020. 96% nere to search