Attempts Do No Harm/2 2. Activities included (and not included) in the calculation of GDP all The gross domestic product

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Attempts Do No Harm 2 2 Activities Included And Not Included In The Calculation Of Gdp All The Gross Domestic Product 1 (41.89 KiB) Viewed 44 times

Attempts Do No Harm/2 2. Activities included (and not included) in the calculation of GDP all The gross domestic product (GDP) of the United States is defined as the year by in a given period of time, usually a Based on this definition, indicate which of the transactions in the following table will be included in (that is, directly increase) the GDP of the United States in 2021. Transaction 2021 GDP Included Excluded Athleticus, a US, shoe company, produces a pair of sneakers at a plant in Vietnam on March 10, 2021. Athleticus imports the pair of sneakers into the United States on May 20, 2021. O O Chocolate Express, a Swiss chocolate company, produces à chocolate bar at a plant in Illinois on December 5, 2021. An elementary school student buys the chocolate bar on December 24, 2021. O Graincorp, a U.S. agricultural company, produces corn syrup at a plant in lowa on September 13, 2021. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2021. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly and ignore the effect of production of the cereal on GDP.) An accountant starts a client's 2021 tax return on April 14, 2022, finishing it just before midnight on April 15, 2022. O Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 21, 2021. It sells the latte to a customer immediately. O O O