GDP 2024

Front

Is this counted in the GDP of the US? Cars made by a Japanese company in California.

Back

Yes

Front

Is this counted in the GDP of the US? Cars made by a US company in South Korea.

Back

No

Front

Is this counted in the GDP of the US? The materials (lumber, cement, bricks) used by a construction firm to build a house.

Back

No

Front

Is this counted in the GDP of the US? A new home that was recently built.

Back

Yes

Front

Is this counted in the GDP of the US? A farmer's purchase of a new tractor.

Back

Yes

Front

Is this counted in the GDP of the US? A plumber's purchase of a two-year-old truck from Craigslist.

Back

No

Front

Is this counted in the GDP of the US? The services of a mechanic in fixing the radiator on his own car.

Back

No

Front

Is this counted in the GDP of the US? Local restaurant purchases new fryers for their chips.

Back

Yes

Front

Is this counted in the GDP of the US? The federal government purchases a new submarine for the US Navy.

Back

Yes

Front

Is this counted in the GDP of the US? Your parents ask you to babysit your two younger siblings for the night.

Back

No