Econ Unit 5

Front

Is this counted in the GDP of the US? Cars made by a Japanese company in California.

Back

Yes

Front

Is this counted in the GDP of the US? The materials (lumber, cement, bricks) used to build a house.

Back

No

Front

Is this counted in the GDP of the US? A new home that was recently built.

Back

Yes

Front

Is this counted in the GDP of the US? A farmer's purchase of a new tractor.

Back

Yes

Front

Is this counted in the GDP of the US? A plumber's purchase of a two-year-old truck from Craigslist.

Back

No

Front

Is this counted in the GDP of the US? Willy's Mexican Grill purchases new fryers for their chips.

Back

Yes

Front

In which part of the GDP calculation does this fit? You spend $15 at AMC to see the latest Avengers movie.

Back

Consumer spending

Front

In which part of the GDP calculation does this fit? The US military spends $5 billion on five new helicopters.

Back

Government spending

Front

In which part of the GDP calculation does this fit? The local taxi service purchases new vehicles for the company.

Back

Investment spending

Front

In which part of the GDP calculation does this fit? Australia exported $6 billion worth of goods in 2018, but imported $10 billion in goods.

Back

Net exports