2021 GDP
Scenario Included Excluded
Using wood from a red maple tree on your Michigan property you make a birdhouse in 2021. A similar birdhouse sells
for $55 in a craft store.
Billy Bonka's, a German chocolate company, produces a chocolate bar at a plaxt in Pennsylvania on December 5, 2021.
A high schooler buys the chocolate bar on December 24.
Parkway Motors, a U.S. automobile company, produces a convertible at a plant in Mexico on March 17, 2021. Parkway
Motors imports the convertible into the United States on May 21, 2021.
Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2021. It sells the corn
syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2021. (Note: Focus
exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the
cereal on GDP.)
Larry's Lattes, a U.S. coffee company, produces a latte at its location in Los Angeles on January 9, 2021. It sells the
latte to a customer immediately.
