US GDP

Front

Is the manufacturing of cars by a Japanese company in California counted in the GDP of the US?

Back

Yes

Front

Consider this scenario: Liam, a US citizen, owns a car manufacturing company. He has a factory in South Korea where cars are produced. Arjun, a student of economics, is curious to know whether these cars are counted in the GDP of the US. What would you tell Arjun?

Back

No

Front

Ethan is building a house in the US. He bought materials like lumber, cement, bricks. Is this counted in the GDP of the US?

Back

No

Front

Does this contribute to the GDP of the US? A car manufactured and sold domestically.

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? Evelyn, a plumber, purchases a two-year-old truck from Craigslist for her business.

Back

No

Front

Is this counted in the GDP of the US? Michael, a mechanic, fixing the radiator on his own car.

Back

No

Front

Is this counted in the GDP of the US? Harper, Lily, and Liam visit Willy's Mexican Grill and notice that the restaurant has purchased new fryers for their chips.

Back

Yes

Front

Is this counted in the GDP of the US? Noah, Oliver, and Benjamin are discussing a news article about the federal government purchasing a new submarine for the US Navy.

Back

Yes

Front

Is this counted in the GDP of the US? Charlotte asks James to babysit her two younger siblings, Zoe and Sam, for the night.

Back

No