GDP "Yes or No" Review

Front

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

Back

Yes

Front

Is this counted in the GDP of the United States? Cars made by a US company in South Korea.

Back

No

Front

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

Back

No

Front

Is this counted in the GDP of the United States? The sale of a new home that was recently built.

Back

Yes

Front

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

Back

Yes

Front

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

Back

No

Front

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

Back

Yes

Front

Is this counted in the GDP of the United States? The federal government purchases a new submarine for the US Navy.

Back

Yes

Front

Is this counted in the GDP of the United States? Your parents ask you to babysit your two younger siblings for the night (without pay).

Back

No

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