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Is it counted in USA GDP? level 2 Flashcards | StudBud
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Is it counted in USA GDP? level 2
Is it counted in USA GDP? level 2
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StudBud Administration
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2,761 plays
practice recognizing what is counted in the GDP economic measurment #economics #gdp
Flashcards
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Questions
18
Answers
1
a mechanic repairs the radiator of a customer's car
Included in GDP
Not included in GDP
2
you trade 1000 shares of facebook stock on the stock market
Not included in GDP
Included in GDP
3
the government purchases a new submarine for the U.S. navy
Included in GDP
Not included in GDP
4
Why are the unsold cars counted in GDP?
Government purchases
consumer spending
Business investment/inventory
Foreign transactions
5
What category of spending does this transaction fall under?
Government purchases
Foreign transactions
consumer spending
Business investment/inventory
6
a Japanese factory sells trucks to dealerships in Texas
Not included in GDP
Included in GDP
7
Why is your stock trade not counted in GDP?
Used good
Non-productive transaction
Intermediate good
Non-market transaction
8
What category of spending will the sub fall under?
Business investment/inventory
consumer spending
Government purchases
Foreign transactions
9
a government scholarship is granted to every student at BHS
Not included in GDP
Included in GDP
10
Why is the check not included in GDP?
Non-market transaction
Used good
Intermediate good
Non-productive transaction
11
Why are the scholarships not counted?
Non-market transaction
Used good
Intermediate good
Non-productive transaction
12
Why is the truck not counted in GDP?
Non-productive transaction
Intermediate good
Used good
Non-market transaction
13
Cars that are produced this year but not sold until next year
Not included in GDP
Included in GDP
14
What category of spending does this purchase fall under?
Government purchases
Foreign transactions
Business investment/inventory
consumer spending
15
A plumber purchases a two-year-old used truck for his business
Included in GDP
Not included in GDP
16
a social security check from the government is sent to a retired store clerk
Not included in GDP
included in GDP
17
A farmer buys a new tractor to plow his wheat fields
included in GDP
Not included in GDP
18
a barber cuts and styles your hair
included in GDP
Not included in GDP
