What is a common mistake when considering what is included in GDP?

GDP Exclusions and Intermediate Goods

Interactive Video
•
Business, Social Studies, Economics
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Considering non-market transactions
Counting financial assets
Including household chores
Confusing investment spending with intermediate goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a tractor considered an investment good?
It is sold as a used good
It is a consumable item
It is reused in multiple production cycles
It is used up in one production cycle
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are corn seeds classified as intermediate goods?
They are reused in production
They are used up during production
They are sold as investment goods
They are financial assets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are used goods not included in GDP calculations?
To prevent double counting
They are considered financial assets
They are household productions
They are not sold in official markets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reason for excluding financial assets from GDP?
They are used goods
They represent the production of goods
They do not represent the production or sale of final goods
They are part of household production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When do gains from stocks and bonds count in GDP?
When they are sold as used goods
When they are part of household production
When they gain value or earn interest
When they are purchased
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are non-market transactions not counted in GDP?
They are illegal
They are not recorded
They are investment goods
They are financial assets
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