2 Activities included and not included in the calculation of

Last updated: 3/16/2023

2 Activities included and not included in the calculation of GDP The gross domestic product GDP of the United States is defined as the Based on this definition indicate which of the following transactions will be included in that is directly increase the GDP of the United States 2020 in a given period of time Scenario Generic Motor Company a U S automobile company produces a pickup truck at a manufacturing facility in Lordstown on January 31 2020 It sells the car at a dealership in Houston on February 13 2020 The Wilson family buys an antique serving platter at an auction in upstate New York on March 31 2020 Cleancutters a U S lumber company produces wood at a plant in Oregon on September 2 2020 It sells the wood to Buildit and Partners a developer for use in the production of a new house that will be built in the United States in 2020 Note Focus exclusively on whether production of the wood increases GDP directly and ignore the effect of production of the new house on GDP Sleepytown a Finnish furniture company produces a bed frame at a plant in Virginia on December 1 2020 It sells the bed frame to a college student on December 28 Athena s a U S shoe company produces a pair of basketball shoes at a plant in Honduras imports the pair of basketball shoe 2020 GOP Included Excl O O O