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Mac2: GDP formula, GDP transactions

Last updated about 6 years ago

5 questions

1

1

1

1

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Question 1

1.

Which of the following is the correct equation for GDP?

GDP= C+I+G+(X-M)

GDP= R+W+I+P

GDP+ C+T+R=(X+M)

GDP= D+T+I-X

Question 2

2.

Ford Motor Company produces $10 million in automobiles and sells them to customers in China. In which category of GDP does this transaction go?

Investment spending

Net export spending

Consumer spending

Government spending

Question 3

3.

Lockheed company produces and sells 45 fighter jets to the U.S. military. In which category of GDP does this transaction go?

Investment spending

Net export spending

Government spending

Consumer spending

Question 4

4.

See's candy in San Francisco produces and sells candy to families in the United States for the Holidays. In which category of GDP does this transaction go?

Investment spending

Consumer spending

Government spending

Net export spending

Question 5

5.

A construction company build new houses in the Planters subdivision. In which category of GDP does this transaction go?

Government spending

Investment spending

Net export spending

Consumer spending