Homework (Ch 23) Back to Assignment Attempts Keep the Highest / 2 2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all 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 2021. 2021 GDP Scenario Included Excluded Sleepytown, a Finnish furniture company, produces a bed frame at a plant in Virginia on December 9, 2021. It sells the O O ips bed frame to a college student on December 24. The Wilson family buys an antique serving platter at an auction in upstate New York on March 27, 2021. O O ps Cleancutters, a U.S. lumber company, produces wood at a plant in Oregon on September 25, 2021. It sells the wood to Buildit and Partners, a developer, for use in the production of a new house that will be built in the United States in 2021. O O (Note: Focus exclusively on whether production of the wood increases GDP directly, and ignore the effect of production of the new house on GDP.) Parkway Motors, a U.S. automobile company, produces a convertible at a plant in Mexico on March 27, 2021. Parkway Motors imports the convertible into the United States on May 18, 2021. O O Thickburger, a U.S. fast-food company, produces a double cheeseburger at one of its many locations throughout the midwest on January 14, 2021. It sells the double cheeseburger to a customer that same day. O O