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Macro 2.1-GDP-What Counts Practice

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Last updated about 1 year ago
8 questions
Which of these is Counted in GDP and Which of These is NOT COUNTED in GDP
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Question 1
1.

Which of these is Counted in GDP? (Check all that apply.) (Hint: There are 4 of them)

KEY!

C=Consumption Spending
I=Investment Spending
G=Government Spending
NX=Net Exports
NC=Not Counted in GDP
Question 2
2.

Which of these is Counted in GDP and part of C? (Check all that apply.) (Hint: There are 4)

Question 3
3.

Which of these is Counted in GDP and part of I? (Check all that apply.) (Hint: There are 4)

Question 4
4.

Which of these is Counted in GDP and part of G? (Check all that apply.) (Hint: There is only 1)

Question 5
5.

Which of these is Counted in GDP and part of NX? (Check all that apply.) (Hint: There is only 1)

Question 6
6.

We count only the final price of a good or service in GDP? Why?

Question 7
7.

A purely financial transaction will not be counted in GDP? Why?

Question 8
8.

When a home-owner does home-improvement work, the labor is not counted in GDP? Why?