Business, 15.04.2020 00:00 ceibrione1

1. Activities included (or not included) in the calculation of GDP The 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 2015. Scenario 2015 GDP Included Excluded Calculo, a U. S. electronics company, produces a calculator at a plant in Indonesia on March 27, 2015. Calculo imports the calculator into the United States on May 18, 2015. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 9, 2015. An elementary school student buys the chocolate bar on December 24. Awake Cafe, a U. S. coffee company, produces a latte at its location in Minneapolis on January 14, 2015. It sells the latte to a customer immediately. An accountant starts a client's 2015 tax return on April 14, 2016, finishing it just before midnight on April 15, 2016. Graincorp, a U. S. agricultural company, produces corn syrup at a plant in Iowa on September 25, 2015. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2015. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.) Grade It Now Save & Continue Continue without saving

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1. Activities included (or not included) in the calculation of GDP The gross domestic product (GDP)...

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