GDP Practice Set

GDP Concept Evaluation

Open Ended

Type the definition from your notes: GDP

Open Ended

Type the definition from your notes: Equation for GDP

Open Ended

Type the definition from your notes: Consumption

Open Ended

Type the definition from your notes: Investment

Open Ended

Type the definition from your notes: Government Spending

Open Ended

Type the definition from your notes: Net Exports

Open Ended

Type the definition from your notes: Export

Open Ended

Type the definition from your notes: Import

Draw

Draw a picture of something that IS counted in GDP in the area of:

Consumption

Draw

Draw a picture of something that IS counted in GDP in the area of:

Investment

Draw

Draw a picture of something that IS counted in GDP in the area of:

Government Spending

Draw

Draw a picture of something that IS counted in GDP in the area of:

Net Exports

Open Ended

Give an example of an officially recognized good:

Open Ended

Give an example of good that is NOT officially recognized and explain why:

Open Ended

Give an example of a final good:

Open Ended

Give an example of a good that is NOT final. Explain why:

Open Ended

Give an example of a good made domestically (in the US):

Open Ended

Give an example of a good made that is NOT made domestically:

Open Ended

Give an example of a good made this year:

Open Ended

Give an example of a good NOT made this year: