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Mac1: GDP. Exclusions
By Jeffrey See
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Last updated about 6 years ago
5 questions
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Question 1
1.
The total dollar value of all final goods and services produced within a nation in 1 year is called:
Gross capital consumption
Gross domestic product
Gross private investment
Gross national product
Question 2
2.
According to the bar graph above in which quarter and year did
real GDP
grow the most?
Quarter 3 of 2016
Quarter 3 of 2014
Quarter 1 of 2013
Quarter 4 of 2013
Question 3
3.
Which of the following items
is included
in GDP?
The purchase of Apple stock
A cup of coffee you bought this morning at Starbucks
A shirt bought at a thrift store like Goodwill
A bakery that buys flour to make bread
Question 4
4.
Which of the following items is
not included
in GDP?
Getting a haircut
Painting your own house
Eating out at a restaurant
Paying tuition for college
Question 5
5.
A payment made to an individual or group when no good or service is provided in return is called:
A transfer payment
A direct payment
A credit payment
An overdue payment
