The U.S. government treats the goods produced by a firm in a
year that are not sold in that year as increases in inventories and
includes them in that year's GDP at market prices. In other words,
the government assumes that the firm itself buys those goods for
future resale. With this convention in mind, place a "yes" in a box
if you think the statement is 100% true, place a "no" otherwise
(without quotation marks and with no spaces). Ignore illegal goods
and illegal activities altogether.
Any good produced domestically in a year will be included in
that year's GDP.
Any good produced domestically in a year will be included in
that year's GDP, except those produced by households for their own
consumption
. Any good produced domestically and sold in a year will be
included in that year's GDP
. Any good produced domestically and sold in a year will be
included in that year's GDP, except those produced by firms that
are not sold.
Any good sold in a year will be included in that year's GDP.
Any service sold in a year will be included in that year's
GDP.
Any good that is not sold in a year will be excluded from that
year's GDP.
If the U.S. government legalizes marijuana, the U.S. GDP will
increase.