Expectant parents buy supplies for the nursery. Would this be included in GDP?

AP Macro GDP

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Social Studies
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Yes - Consumer Spending
2.
FLASHCARD QUESTION
Front
Is the amount received by each individual on food stamps in Florida included in government spending?
Back
No - Transfer Payment
3.
FLASHCARD QUESTION
Front
Which of the following would not affect the size of real GDP? Consumer purchase of a new car for personal use., Government purchase of a new car for the military, Consumer purchase of a rare renaissance painting., Business purchase of a new car for a delivery vehicle.
Back
Consumer purchase of a rare renaissance painting.
4.
FLASHCARD QUESTION
Front
Which of the following is included in the calculation of the US GDP:
The money that consumers save when using coupons,
the benefit society receives from a cleaner environment,
online purchases of used products,
a computer produced in China by a US owned company,
a plane produced in the US but sold in Mexico?
Back
a plane produced in the US but sold in Mexico
5.
FLASHCARD QUESTION
Front
What are the four main parts of the circular flow diagram? Options: Product Market, Stock Market, Factor Market, Fish Market; Product Market, House Market, Factor Market, Good Market; Factor Market, Product Market, Households, Firms; Factor Market, households, Stock Market, super market
Back
Factor Market, Product Market, Households, Firms
6.
FLASHCARD QUESTION
Front
Which of the following describes a machine used to produce a product? Land, Labor, Capital, Entrepreneurship
Back
Capital
7.
FLASHCARD QUESTION
Front
According to the circular flow model where can you buy and sell a haircut?
Back
The Product Market
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