Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the market value of final goods and services produced within the United States 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 Included Excluded Scenario Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 17, 2017. Calculo imports the calculator into the United States on May 21, 2017. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2017. A family buys the sedan on December 24. Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 9, 2017. It sells the latte to a customer immediately. 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. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.) You chop down a cherry tree on your property in California and make a dining room table in 2017. A similar table sells for $800 in a local furniture store.

Respuesta :

The Gross domestic product of the United States in 2107 was 19.48 trillion USD.

What is the Gross domestic product?

  • GDP calculates the monetary value of the final goods and services those purchased by the consumer produced in a nation during a specific time period.
  • It accounts for all the output produced inside a nation's boundaries.

What are the three types of GDP?

  1. The total value of all commodities and services produced, valued at the going rate in the market.
  2. Real GDP is the total amount of goods and services produced with prices remaining constant.
  3. Actual GDP is the continuous, real-time measurement of all outputs at any given moment.

The  Gross domestic product of the United States in 2107 was 19.48 trillion USD.

To know more about Gross domestic product, check out:

https://brainly.com/question/1383956

#SPJ4