Unit #3 Quiz

Factor of GDP involving the purchase of goods and services by consumers

• Consumer Spending

• Investment Spending

• Government Spending

• Net Exports

• Not Counted in GDP

Factor of GDP involving the purchase of intermediate goods to create finished products/services

• Investment Spending

• Consumer Spending

• Government Spending

• Net Exports

• Not Counted in GDP

Factor of GDP involving the construction of Interstate Highways or other Infrastructure

• Government Spending

• Consumer Spending

• Investment Spending

• Net Exports

• Not Counted in GDP

Factor of GDP involving the trading of goods/services between countries

• Net Exports

• Consumer Spending

• Investment Spending

• Government Spending

• Not Counted in GDP

Factor of GDP involving the purchasing of goods from a garage sale or pawn shop

• Not Counted in GDP

• Consumer Spending

• Investment Spending

• Government Spending

• Net Exports

Which of the following does NOT count towards GDP?

• Welfare/Social Security

• New Car

• New House

• New Cell Phone

Expansionary Fiscal Policy

• Encourage Consumer Spending

• Encourage Consumer Saving

Expansionary Fiscal Policy

• Decrease in Unemployment

• Increase in Unemployment

Expansionary Fiscal Policy

• Increase in Government Spending

• Decrease in Government Spending

Expansionary Fiscal Policy

• Decrease Taxes and Fees

• Increase Taxes and Fees