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Akwankyerɛ

Which of these is Counted in GDP and Which of These is NOT COUNTED in GDP

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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

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1

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

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1

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

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1

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

A family pays $75k for a house built three years ago

The government increases its defense expenditures by $1 billion

The government makes a $300 Social Security payment to a retired person

You buy General Motors Corp. stock for $1k in the stock market

A homemaker works hard caring for her spouse and two children

RJ Reynolds Co. buys control of Nabisco

You buy a new Toyota that was made in Japan.

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1

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

A family pays $75k for a house built three years ago

The government makes a $300 Social Security payment to a retired person

You buy General Motors Corp. stock for $1k in the stock market

A homemaker works hard caring for her spouse and two children

RJ Reynolds Co. buys control of Nabisco

You buy a new Toyota that was made in Japan.

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0

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

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0

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

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0

Macro 2.1-GDP-What Counts Practice

Macro 2.1-GDP-What Counts Practice

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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