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
Included
Excluded
Athena’s, a U.S. shoe company, produces a pair of basketball shoes at a plant in Honduras on March 14, 2020. Athena’s imports the pair of basketball shoes into the United States on May 17, 2020.
The Wilson family buys an antique serving platter at an auction in upstate New York on March 14, 2020.
Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 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.)
Billy Bonka’s, a German chocolate company, produces a chocolate bar at a plant in Pennsylvania on December 1, 2020. A high schooler buys the chocolate bar on December 20.
Generic Motor Company, a U.S. automobile company, produces a pickup truck at a manufacturing facility in Lordstown on January 8, 2020. It sells the car at a dealership in Miami on February 9, 2020.