The gross domestic product (GDP) of the United States is defined as the market value of all final goods and services produced within the United States in a given period of time. 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. a. Awake Cafe, a U. S. coffee company, produces a latte at its location in Minneapolis on January 5, 2019. It sells the latte to a customer immediately. The Jones family buys an antique silver platter at an auction in upstate New York on March 8, 2019.
b. Roadway Motors, a U. S. automobile company, produces a convertible at a plant in Germany on March 8, 2019. Roadway Motors imports the convertible into the United States on May 9, 2019.
c. Graincorp, a U. S. agricultural company, produces corn syrup at a plant in Iowa on September 3, 2019. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2019. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)
d. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 10, 2019. A family buys the sedan on December 26.