GDP practice

Is this counted in the GDP of the US?

Cars made by a Japanese company in California.

• Yes

• No

Is this counted in the GDP of the US?

Cars made by a US company in South Korea.

• Yes

• No

Is this counted in the GDP of the US?

The materials (lumber, cement, bricks) used to build a house.

• Yes

• No

Is this counted in the 2020 GDP of the US?

A home built in 2015 which was sold to new owners.

• Yes

• No

Is this counted in the GDP of the US?

A farmer's purchase of a new tractor.

• Yes

• No

Is this counted in the GDP of the US?

A plumber's purchase of a two-year-old truck from Craigslist.

• Yes

• No

Is this counted in the GDP of the US?

The services of a mechanic in fixing the radiator on his own car.

• Yes

• No

Is this counted in the GDP of the US?

Willy's Mexican Grill purchases new fryers for their chips.

• Yes

• No

Is this counted in the GDP of the US?

The federal government purchases a new submarine for the US Navy.

• Yes

• No

In which part of the GDP calculation does this fit?

You spend $15 at AMC to see the latest Avengers movie.

• Consumer spending

• Government spending

• Investment spending

• Net exports