FEE GDP

What economic indicator is used to measure the production or output of our economy?

• GDP

• CPI

• Unemployment rate

• Federal funds rate

Calculated in GDP? Farmer's purchase of a new tractor.

• Yes

• No

Calculated in GDP? A Social Security check from the government to a retired store manager.

• Yes

• No

Calculated in GDP? An electrician's purchase of a used truck for work.

• Yes

• No

Calculated in GDP? The government's purchase of a new drone for the Air Force.

• Yes

• No

Calculated in GDP? Flour used by a grocery store to bake Italian bread to sell in their bakery.

• Yes

• No

Calculated in GDP? A consumer purchases a used vinyl album.

• Yes

• No

Calculated in GDP? Income received from the sale of Tesla stock.

• Yes

• No

Calculated in GDP? The services of a stay at home mom taking care of her own children.

• Yes

• No

Which of the following is NOT a component used to calculate Gross Domestic Product?

• Consumption

• Government spending

• Investment (in physical capital)

• Stock purchases