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GDP Flashcards | StudBud

Consumer Spending

You pay to have your house painted

GDP

26 terms·StudBud Administration·285 plays

Included and Excluded from GDP

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Questions 26

Answers

1
You pay to have your house painted
Excluded
Included
2
Consumer Spending
Excluded
Included
3
In-N-Out Burger buys a new stove
Included
Excluded
4
Financial Transactions
Excluded
Included
5
Government purchase of a new submarine
Included
Excluded
6
You give $5 to a panhandler
Included
Excluded
7
Services of a mechanic fixing the radiator on his own car
Included
Excluded
8
Cashing a US government bond
Excluded
Included
9
Farmer’s purchase of a new tractor
Excluded
Included
10
Imports
Included
Excluded
11
Barber’s income from cutting hair
Included
Excluded
12
Income received from the sale of Nike stock
Included
Excluded
13
Bought a stolen I-phone
Included
Excluded
14
Non-Market Transactions
Excluded
Included
15
In-N-Out Burger buys lettuce
Included
Excluded
16
Social security check to a retiree
Included
Excluded
17
Transfers
Excluded
Included
18
Business Investment
Excluded
Included
19
Intermediate Goods
Included
Excluded
20
Government Spending
Excluded
Included
21
Exports
Excluded
Included
22
Plumber’s purchase of a 2 year old truck
Excluded
Included
23
You win a scholarship
Included
Excluded
24
You buy a new TV
Excluded
Included
25
Increase in business inventory
Included
Excluded
26
You buy lettuce
Excluded
Included