Answer:
Only the purchase of new goods, investments, and services produced within a nation's borders are included in that country's GDP. Hence, only McDonald's purchase of ground beef (if produced in the U.S.) is included in the U.S. 2021 GDP out of the given transactions. Used goods, foreign production, and non-market household services are excluded.
Step-by-step explanation:
Understanding GDP Inclusion for Transactions
When considering whether transactions are included in the GDP of the United States for the year 2021, it's important to understand the nature of the transactions and the rules for GDP calculation.
Transaction 1: John selling a used year-2012 Ford Taurus to Mary for $1000 in June 2021. This transaction is not included in the GDP because it involves a used good. GDP only includes the market value of new goods and services produced.
Transaction 2: Mcdonald's fast food chain buying $4,000 worth of ground beef in Dec 2021. This transaction is included in the GDP if the ground beef was produced within the U.S. in 2021 because it represents the business inventory investment which is a part of GDP.
Transaction 3: Dell produced $4m worth of computers in Osaka, Japan in June 2021. This production is not included in the U.S. GDP as it occurred outside the United States. GDP calculates the production within a country's borders.
Transaction 4: Janet, a housewife, cooked and cleaned for her family all year long. This labor is not included in GDP as household labor does not have a market transaction value and therefore is not captured in GDP calculations.
The GDP concept entails the total market value of all final goods and services produced in the nation during a given year. The complexities involved in calculating GDP necessitate detailed work by government statisticians.