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oblem 1. Based on each scenario definition, indicate which of the following transactions will be included, notel, or excluded, note E in 2021 GDP column. Scenario Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in California on December 9, 2021. An elementary school student buys the chocolate bar on December 24. Eight tons of coal mined in West Virginia and used to generate power in West Virginia in 2021. Yummy, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 14, 2021. It sells the hamburger to a customer that same day. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 27, 2021. Athleticus imports the pair of sneakers into the United States on May 18, 2021. An accountant starts a client's 2021 tax return on April 14, 2022, finishing it just before midnight on April 15, 2022. A share of Disney stock sold in 2021 by a person living in Florida to a person living in Georgia. A performance by an Italian opera company in New York in 2021. 2021 GDP

oblem 1. Based on each scenario definition, indicate which of the following transactions will be included, notel, or excluded, note E in 2021 GDP column. Scenario Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in California on December 9, 2021. An elementary school student buys the chocolate bar on December 24. Eight tons of coal mined in West Virginia and used to generate power in West Virginia in 2021. Yummy, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 14, 2021. It sells the hamburger to a customer that same day. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 27, 2021. Athleticus imports the pair of sneakers into the United States on May 18, 2021. An accountant starts a client's 2021 tax return on April 14, 2022, finishing it just before midnight on April 15, 2022. A share of Disney stock sold in 2021 by a person living in Florida to a person living in Georgia. A performance by an Italian opera company in New York in 2021. 2021 GDP

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
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Problem List 2: GDP and CPI Problem 1. Based on each scenario definition, indicate which of the following transactions will be included, note 1, or excluded, note E in 2021 GDP column. Scenario Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in California on December 9, 2021. An elementary school student buys the chocolate bar on December 24. Eight tons of coal mined in West Virginia and used to generate power in West Virginia in 2021. Yummy, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 14, 2021. It sells the hamburger to a customer that same day. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 27, 2021. Athleticus imports the pair of sneakers into the United States on May 18, 2021. An accountant starts a client's 2021 tax return on April 14, 2022, finishing it just before midnight on April 15, 2022. A share of Disney stock sold in 2021 by a person living in Florida to a person living in Georgia. A performance by an Italian opera company in New York in 2021. Seven hours of babysitting completed by a fourteen-year-old to her cousin in 2021. 2021 GDP
Transcribed Image Text:Problem List 2: GDP and CPI Problem 1. Based on each scenario definition, indicate which of the following transactions will be included, note 1, or excluded, note E in 2021 GDP column. Scenario Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in California on December 9, 2021. An elementary school student buys the chocolate bar on December 24. Eight tons of coal mined in West Virginia and used to generate power in West Virginia in 2021. Yummy, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 14, 2021. It sells the hamburger to a customer that same day. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 27, 2021. Athleticus imports the pair of sneakers into the United States on May 18, 2021. An accountant starts a client's 2021 tax return on April 14, 2022, finishing it just before midnight on April 15, 2022. A share of Disney stock sold in 2021 by a person living in Florida to a person living in Georgia. A performance by an Italian opera company in New York in 2021. Seven hours of babysitting completed by a fourteen-year-old to her cousin in 2021. 2021 GDP
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