Activities included (and not included) in the calculation of GDP The gross domes
ID: 1184307 • Letter: A
Question
Activities included (and not included) in the calculation of GDP The gross domestic product (GDP) of the United States is defined as the all In a given year. Based on this definition, which of the following will be included in (that is, directly increase) the GDP of the United States in 2016? Check all that apply. Rotato, an American tire company, produces a set of tires at a plant in Michigan on September 30, 2016. 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 2016. Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 17, 2016. It sells the table to a college student on December 28, 2016. Calculo, an American electronics company, produces a calculator at a plant in Indonesia on March 18, 2016. Calculo imports the calculator Into the United States on May 6, 2016. Tasty's, an American fast-food company, produces a hamburger at one of its many St. Louis locations on January 9, 2016. It sells the hamburger to a customer that same day. An accountant starts a client's 2016 tax return on April 14, 2017, finishing it Just before midnight on April 15, 2017.Explanation / Answer
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