Business, 14.03.2020 05:26 santana647

2. Activities included (and not included) in the calculation of GDPThe 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 2020.Scenario 2020 GDPIncluded ExcludedAwake Cafe, a U. S. coffee company, produces a latte at its location in Minneapolis on January 18, 2020. It sells the latte to a customer immediately. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2020. A family buys the sedan on December 24. Athleticus, a U. S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 4, 2020. Athleticus imports the pair of sneakers into the United States on May 28, 2020. An accountant starts a client's 2020 tax return on April 14, 2021, finishing it just before midnight on April 15, 2021. Rotato, a U. S. tire company, produces a set of tires at a plant in Michigan on September 19, 2020. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2020. (Note: Focus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.)

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2. Activities included (and not included) in the calculation of GDPThe gross domestic product (GDP)...

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