Business, 11.02.2020 00:57 maddieb1011
Indicate which of the transactions in the following table will be included in (that is, directly increase) the GDP of the United States in 2017.
2017 GDP:
Transaction Included / Excluded
1. Treetopplers, a U. S. lumber company, produces wood at a plant in Oregon on September 19, 2017. 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 2017. (Note: Focus exclusively on whether production of the wood increases GDP directly and ignore the effect of production of the new house on GDP.)
2. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
3. Tasty's, a U. S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 18, 2017. It sells the hamburger to a customer that same day.
4. Athleticus, a U. S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 4, 2017. Athleticus imports the pair of sneakers into the United States on May 28, 2017.
5. Sofaland, a Swedish furniture company, produces a table at a plant in Virginia on December 12, 2017. It sells the table to a college student on December 24, 2017.
Answers: 3
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Indicate which of the transactions in the following table will be included in (that is, directly inc...
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