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 2020.Scenario2020 GDP Excluded Included Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 17, 2020. Athleticus imports the pair of sneakers into the United States on May 21, 2020. The Jones family buys an antique silver platter at an auction in upstate New York on March 17, 2020. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2020. A family buys the sedan on December 24. Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 19, 2020. 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 2020. (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.) Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 9, 2020. It sells the hamburger to a customer that same day.

The variable that includes the monetary value of final goods and services that are being produced within a specified time frame is known as the gross domestic product (GDP). Note: The first three sub-parts have been answered as per the strict guidelines. Please repost the remaining subparts to be answered separately.GDP does not tend to include sales of used goods, sales of goods produced outside, intermediate goods being used to produce other goods, illegal sales, and transfer payments. Imported goods are not included in GDP. Hence, Athleticus importing the pair of sneakers in the US would be Excluded. Jones family buying antique silver platter would not be included in GDP. Hence, it is Excluded. Production of sedans and the family buying sedan would be included in GDP as it is a final good. Hence, it is Included.

Answered: ased on this definition, indicate which…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy

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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 2020.

Scenario	2020 GDP
	Excluded	Included
Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 17, 2020. Athleticus imports the pair of sneakers into the United States on May 21, 2020.
The Jones family buys an antique silver platter at an auction in upstate New York on March 17, 2020.
Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2020. A family buys the sedan on December 24.
Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 19, 2020. 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 2020. (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.)
Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 9, 2020. It sells the hamburger to a customer that same day.

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