sDel Mar Colege-Canves secure: https/ing xOcick ftor Registration, Acess xMind x

Question

sDel Mar Colege-Canves secure: https/ing xOcick ftor Registration, Acess xMind xOclick tor Registration, Access xYowdTap . Cengage Learn gx xDel Mar Colego-Canvas C chtmideploymentid 587367995107557571160346998e S8N-97813370966078an 5% MINDTAP Homework (Ch 10) c Back to Assignment Average: 12 2. Activities included (and not included) in the calculation of GDP 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 wil be included in (that is, dinectly increase) the GDP of the nited Sttes in 2015 2015 GDP The Jones family buys an antique slver platter at an auction in upstate New York on March 27, 2015 astlane,aJapanese automobile company, produces a sedan at a plant in Indiana on December 9, 2015. A family buys the sedan on December 24. ippycar, a u.S. automobile company. produces a convertible at a manufacturing plant in Minneapolis on January 24, 2015. It sells the car at a dealership in San Diego on February 12, 2015. otato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 2015. 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 2015 Note: Pocus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GOP Caloulo, a u.S. electronics company, produces a calculator at a plant in Indonesia on March 27, 2015. Calculo imports the caloulator into the United States on May 18, 2015

Explanation / Answer

Solution 1 :-  

The gross domestic product (GDP) of the United States is defined as the market value of all final goods and services produced by resources within the United States in a given period of time.

Solution 2 :-

(i) Excluded  

(ii) Included

(iii) Included

(iv) Excluded

(v) Included

Hope it will help you if you have any query then ask in comments

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