GDP

A Japanese car company makes a new sedan in Kentucky. Which country's GDP is this added to?

• U.S.

• Japan

• U.S. and Japan

• China

• no answer

Which of the following is NOT part of GDP:

• a new car that is sold

• a teacher working in the classroom

• a used TV on Craigslist

• no answer

What can be used to measure standard of living?

• GDP

• GNP

• CPI

• PPI

• GDP per capita

Which is a final product in a bakery?

• Cake
• Flour
• Eggs
• Sugar

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

• U.S. GDP increases

• U.S. GDP decreases

• No change

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

The trade in exotic animals being illegally sold as pets is a multi-billion-dollar-a-year industry. Is this included in GDP?

• Yes - Consumer spending

• Yes - Government Spending

• No - Underground Economy

• No - Non-market activity

A shoe produced in South Korea and sold in the U.S.

• Included in U.S. GDP

• Included in South Korea GDP

• Included in Canadian GDP

GDP per capita is found by dividing a country's GDP by it's

• population.

• average birth rates.

• number of households.

All of the following are excluded from GDP except

• non-market goods and services

• used goods

• environmental quality

• final goods and services