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

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

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

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

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

SS Check Mr. Burbine's Grandmother receives in Boston

Excluded-Not Produced This Year

Government Purchases a New Fleet of NightHawk Bombers

Excluded-Intermediate Good

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

Included-Good or Service

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

Included-Final Good

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

Excluded from GDP-Transfer Payment

Income received from the sale of a Mars Candy Stock

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

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

Included-Fixed Investment

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

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

Counted-Xn (Export)

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

Counted-C, The right to occupy the location.

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-I, Fixed Investment

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

Counted-I

Mr. Burbine bought his house made in 1978.

Not Counted, Non Market Activity

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

Not Counted, Not Made This Year

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

Counted-I, Family Investment

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

Counted-C, Good and Service