GDP and Economic Growth

Which of the following would NOT count towards the calculation of U.S. GDP?

• Ford vehicles produced in Germany

• Mercedes Benz cars made in Tennessee

In the United States, Net exports is negative because:

• government taxes on imports are too high and should be lowered

• imports into the United States are greater than exports out of the United States

• in every instance, it is ALWAYs better to export rather than import

Which of the following would NOT count towards the calculation of GDP?

• Your aunt is retired and takes care of your two year old

• both of these

• You send your two year-old to a daycare

Which of the following would count towards the calculation of GDP?

• The stocks you buy on the stock trading website

• You use a stock trading website to purchase and manage your stocks, the website charges a fee for each transaction

• both of these

Which of the following would count towards the calculation of GDP?

• the new tires (made in California) you purchase for your five year old car (the car was made in Japan)

• none of these

• both of these

• the tires purchased by Ford to put on a brand new car built in the U.S.