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What Counts in Gross Domestic Product (GDP)? Flashcards | StudBud
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What Counts in Gross Domestic Product (GDP)?
What Counts in Gross Domestic Product (GDP)?
20 terms
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StudBud Administration
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2,478 plays
Business Chapter 2
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Income received from the sale of stock.
NOT Counted in GDP
Counted in GDP
2
You tutor a student on math and the student tutors you on physics.
NOT Counted in GDP
Counted in GDP
3
RJ Reynolds buys a controlling amount of Nabisco stock.
NOT Counted in GDP
Counted in GDP
4
A bakery's inventory of wheat and flour
NOT Counted in GDP
Counted in GDP
5
A Social Security check from the government to a retired store clerk.
NOT Counted in GDP
Counted in GDP
6
A government's purchase of a new submarine for the Navy.
NOT Counted in GDP
Counted in GDP
7
A farmer's purchase of a new tractor.
Counted in GDP
NOT Counted in GDP
8
You buy $1000 in General Motors stock in the stock market.
NOT Counted in GDP
Counted in GDP
9
A monthly check received by an economics student who has been granted a government scholarship.
NOT Counted in GDP
Counted in GDP
10
The government makes a $300 Social Security check to a retired person.
Counted in GDP
NOT Counted in GDP
11
A homemaker works hard caring for her spouse and two children.
NOT Counted in GDP
Counted in GDP
12
You buy a new Toyota that was made in Japan.
NOT Counted in GDP
Counted in GDP
13
An decrease in business inventories.
NOT Counted in GDP
Counted in GDP
14
A plumber's purchase of a two year old truck.
Counted in GDP
NOT Counted in GDP
15
Cashing in a US government savings bond.
Counted in GDP
NOT Counted in GDP
16
The services of a mechanic fixing the radiator on his own car.
Counted in GDP
NOT Counted in GDP
17
A barber's income from cutting hair.
Counted in GDP
NOT Counted in GDP
18
You buy a new Toyota that was made in the Tennessee plant.
NOT Counted in GDP
Counted in GDP
19
An increase in business inventories.
Counted in GDP
NOT Counted in GDP
20
A family pays $75,000 for a house built three years ago.
NOT Counted in GDP
Counted in GDP