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
2017.
Scenario
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.
Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2017. A family buys
the sedan on December 24.
Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 19, 2017. It sells the corn
syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017. (Note: Focus
exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the
cereal on GDP.)
Awoke Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 18, 2017. It sells the latte
to a customer immediately.
The Jones family buys an antique silver platter at an auction in upstate New York on March 4, 2017.
2017 GDP
Included Excluded