GDP of the United States is defined as the total market value of all final goods

Question

GDP of the United States is defined as the total market value of all final goods and services produced within the United States in a given year. Based on this definition, which of the following transactions will be included
in U.S. GDP? Check all that apply.

A. Artificial Corp, an American company, produces acesulfame potassium in its factory in Iowa. The company sells the acesulfame potassium to Coca-Cola who uses it as a key ingredient to make diet Coke. B. Peet's Coffee, an American coffee company, produces a latte at its location in San Francisco. C. Nestle, a Swiss chocolate company, produces a chocolate bar at its factory in Illinois. D. General Motors, an American car company, produces a car at a plant in Germany. E. Willie grows marijuana on his property in Humbolt County, California. He smokes the product. F. The city of Modesto buys a new police car. G. Missy buys a used DVD from Blockbuster Video.

Explanation / Answer

A,B,C,D,E

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