Explanation:
The gross domestic product (GDP) of the United States is defined as the production of all goods and services, in a given period of time.
GDP formula:
GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ (Exports - Imports) (Net exports)
- In 2017 Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany. Not included if it is not sold
- March 15, 2017. Roadway Motors imports the convertible into the United States. Included in Imports (M) account. This will decrease GDP
-May 3, 2017. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight Not included before the client pays taxes. After the client pays, then it is included in government earnings and expenditure. (G)
-April 15, 2018. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis. Not included if it is not sold.
-January 8, 2017. It sells the car at a dealership in Miami. Included in Consumption (C) account. This will increase GDP
-February 14, 2017. a Japanese automobile company, produces a sedan at a plant in Indiana. Not included if it is not sold.
-December 12, 2017. A family buys the sedan on December 24. Included in Consumption (C) account. This will increase GDP
Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 19, 2017. 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 2017. Included in Investment (I) account because it represents a capital expenditure for Speedmaster. This will increase GDP
