1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ElenaW [278]
3 years ago
6

Included or exported in GDP:1. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on

December 1, 2016. An elementary school student buys the chocolate bar on December 20.2. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 19, 2020. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2020. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)3. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 21, 2016. Athleticus imports the pair of sneakers into the United States on May 18, 2016.4. You chop down a cherry tree on your property in California and make a dining room table in 2016. A similar table sells for $800 in a local furniture store.5. Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 26, 2016. It sells the latte to a customer immediately.
Social Studies
1 answer:
Vanyuwa [196]3 years ago
8 0

Answer:

Included: 1

Excluded: 2, 3, 4

Explanation:

GDP of a nation includes the production of final goods and services within the geographical boundaries of a nation during a given period, generally a year.  

1. The production of chocolate will be included as it is a final good, consumed in the same year.  

2. The production of this corn syrup will not be included in the GDP as it is an intermediate good.  

3. These shoes will not be included in GDP as they are not produced in the US. They will be deducted as imports.  

4. This production of the table will not be included as there are no transactions involved. It is made for self-consumption.

You might be interested in
What is the Great Barrier Reef made/composed of?
VARVARA [1.3K]

Answer:

coral polyps

hope this helps

8 0
3 years ago
How do people show respect for other people? Write some examples
OverLord2011 [107]

Answer:

Serve.

Be Kind.

Be Polite.

Be Thankful.

Explanation:

5 0
3 years ago
People with celiac disease suffer from inflammation of the small intestine from eating gluten. The villi get damaged in this pro
katovenus [111]
Less absorption of nutrients
5 0
3 years ago
Read 2 more answers
Brandon believes that american culture is superior to other cultures. this is a form of
VashaNatasha [74]
Answer:  "ethnocentrism" .
______________________________________________________
3 0
3 years ago
Read 2 more answers
According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of .
rosijanka [135]

Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Marlee was attacked at gunpoint in a parking garage by an attacker wearing strong cologne. She now refuses to go through the mal
    8·1 answer
  • Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the​ present, what would be true of the r
    9·1 answer
  • Many Mayan traditions can be traced back to which earlier people? (10 points)
    9·2 answers
  • The title of a song is on the tip of Gerard's tongue, but he cannot recall it until someone mentions the songwriter's name. Gera
    7·1 answer
  • When Israel was created and decades of war began, what happened to hundreds of thousands of Arabs?
    8·2 answers
  • Fill in the two blanks in the following statement: According to the Intergovernmental Panel on Climate Change, the average globa
    11·1 answer
  • How can government spending on education might affect the UK economy
    5·1 answer
  • If you could go back to anytime in history, where would you go?
    11·1 answer
  • During the budget crisis of 1995, President Clinton vetoed the budget passed by Congress because of cuts to anti-crime programs.
    9·2 answers
  • This type of ethical relativism holds that ethical judgments are the result of the moral outlook and attitudes of particular per
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!