Macro Unit 2.1 CW: GDP-Is It Counted and Where (Matching)

Last updated 11 months ago

2 questions

1

Last updated 11 months ago

2 questions

1

1

Draggable item		Corresponding Item
Income received from the sale of a Mars Candy Stock		Excluded from GDP-Financial Asset and NOT production, Ownership of a Company
Government Purchases a New Fleet of NightHawk Bombers		Excluded-Not Produced This Year
An arborist's purchase of a 5 year old chain saw		Excluded-Intermediate Good
Wonder Bread Maker Buys Flour and Yeast for a Production of Bread		Included-Good or Service
Woo-Hoo...Payday as I just cashed my 10 year Government Bond!		Included-Final Good
SS Check Mr. Burbine's Grandmother receives in Boston		Excluded from GDP-Transfer Payment
Stock Broker's Income for Buying Some Stocks for a Client		Excluded from GDP-Financial Asset and NOT production, Pays off with Maturity
An automotive technician buys a new set of tools made this year in Wyoming		Included-Fixed Investment

GDP: Is it counted? If so, which component?

Draggable item		Corresponding Item
A citizen of Luxembourg buys a cutting board that was produces in Oregon.		Counted-Xn (Export)
You spend $75 on a date at the local Fondue restaurant.		Counted-C, The right to occupy the location.
Mr. Burbine bought his house made in 1978.		Counted-I, Fixed Investment
A family pays a contractor $250,000 to build them a new house.		Counted-I
Cookies-R-Us buys a new robot that adds frosting to 10,000 cookies an hour.		Not Counted, Non Market Activity
Your a Junior in college and have decided to live off campus. Your rent is $1200 a month.		Not Counted, Not Made This Year
Your neighbor is a stay-at-home caretaker for their elderly mother.		Counted-I, Family Investment
Truck-Right, a company who specializes in producing Truck Beds, finds that their inventory of Truck Beds has grown from the start of the year.		Counted-C, Good and Service

Income received from the sale of a Mars Candy Stock

Excluded from GDP-Financial Asset and NOT production, Ownership of a Company

Government Purchases a New Fleet of NightHawk Bombers

Excluded-Not Produced This Year

An arborist's purchase of a 5 year old chain saw

Excluded-Intermediate Good

Wonder Bread Maker Buys Flour and Yeast for a Production of Bread

Included-Good or Service

Woo-Hoo...Payday as I just cashed my 10 year Government Bond!

Included-Final Good

SS Check Mr. Burbine's Grandmother receives in Boston

Excluded from GDP-Transfer Payment

Stock Broker's Income for Buying Some Stocks for a Client

Excluded from GDP-Financial Asset and NOT production, Pays off with Maturity

An automotive technician buys a new set of tools made this year in Wyoming

Included-Fixed Investment

GDP: Is it counted? If so, which component?

A citizen of Luxembourg buys a cutting board that was produces in Oregon.

Counted-Xn (Export)

You spend $75 on a date at the local Fondue restaurant.

Counted-C, The right to occupy the location.

Mr. Burbine bought his house made in 1978.

Counted-I, Fixed Investment

A family pays a contractor $250,000 to build them a new house.

Counted-I

Cookies-R-Us buys a new robot that adds frosting to 10,000 cookies an hour.

Not Counted, Non Market Activity

Your a Junior in college and have decided to live off campus. Your rent is $1200 a month.

Not Counted, Not Made This Year

Your neighbor is a stay-at-home caretaker for their elderly mother.

Counted-I, Family Investment

Truck-Right, a company who specializes in producing Truck Beds, finds that their inventory of Truck Beds has grown from the start of the year.

Counted-C, Good and Service