GDP

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

• Consumption Expenditures
• Investment Expenditures
• Government Expenditures
• Net Imports

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

• Consumption Expenditures
• Investment Expenditures
• Government Expenditures
• Net Imports

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

• Consumption Expenditures
• Investment Expenditures
• Government Expenditures
• Net Imports

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

• Imports
• Exports
• Expenditures
• None of the Above

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

• Imports
• Exports
• Taxes
• None of the Above

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

• GDP increases
• GDP decreases
• No change

The U.S. Government hired 10 Chinese-language experts, from China, to train U.S. Workers.

• GDP increases

• GDP decreases

• No change

What type of GDP is calculated with the current year's prices?

• Nominal GDP
• Real GDP
• GDP per capita

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

• Yes - Consumer Spending

• Yes - Investment

• No - Intermediate goods

• No - Non-market activity

GDP is calculated by

• adding up the cost of goods used in producing the item
• subtracting all costs from total revenue
• adding consumption + investment +government spending+ (exports sold - imports bought)