GDP

Front

Which is a final product in a bakery? Options: Cake, Flour, Eggs, Sugar

Back

Cake

Front

Cars, TVs, computers belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

Back

Consumption Expenditures

Front

An airline buying a plane belong in which part of the GDP formula? GDP = C+I+G+(X-M)

Back

Investment Expenditures

Front

Tanks and roads belong in which part of the GDP formula?
GDP = C+I+G+(X-M)

Back

Government Expenditures

Front

What does X represent in calculating net imports?
X-M

Back

Exports

Front

What does M represent in calculating net imports?
X-M

Back

Imports

Front

A British company purchases a one-year membership to PartyFolks.com, a U.S. based company. What happens to U.S. GDP?

Back

U.S. GDP increases

Front

What type of GDP is calculated with the current year's prices? Options: Nominal GDP, Real GDP, GDP per capita

Back

Nominal GDP

Front

Expectant parents buy supplies for the nursery. Would this be included in GDP?

Back

Yes - Consumer Spending

Front

The trade in exotic animals being illegally sold as pets is a multi-billion-dollar-a-year industry. Is this included in GDP?

Back

No - Underground Economy