Question

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.? it is Included or Excluded in 2015 GDP Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 17, 2015. Athleticus imports the pair of sneakers into the United States on May 21, 2015. Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 9, 2015. It sells the hamburger to a customer that same day. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 5, 2015. An elementary school student buys the chocolate bar on December 24. Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 13, 2015. 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 2015. (Note: Focus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.) The Jones family buys an antique silver platter at an auction in upstate New York on March 17, 2015.

Answer 1

In the GDP of United States will only comprises of the market value of all those final goods and services which are produced in United State itself.

Following will be included in GDP of Unites States:

• Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 9, 2015.
• Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 5, 2015.
• Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 13, 2015.