Econ Unit 5

Is this counted in the GDP of the US?

Cars made by a Japanese company in California.

• Yes

• No

Is this counted in the GDP of the US?

The materials (lumber, cement, bricks) used to build a house.

• Yes

• No

Is this counted in the GDP of the US?

A new home that was recently built.

• Yes

• No

Is this counted in the GDP of the US?

A farmer's purchase of a new tractor.

• Yes

• No

Is this counted in the GDP of the US?

A plumber's purchase of a two-year-old truck from Craigslist.

• Yes

• No

Is this counted in the GDP of the US?

Willy's Mexican Grill purchases new fryers for their chips.

• Yes

• No

In which part of the GDP calculation does this fit?

You spend $15 at AMC to see the latest Avengers movie.

• Consumer spending

• Government spending

• Investment spending

• Net exports

In which part of the GDP calculation does this fit?

The US military spends $5 billion on five new helicopters.

• Consumer spending

• Government spending

• Investment spending

• Net exports

In which part of the GDP calculation does this fit?

The local taxi service purchases new vehicles for the

company.

• Consumer spending

• Government spending

• Investment spending

• Net exports

In which part of the GDP calculation does this fit?

Australia exported $6 billion worth of goods in 2018, but imported $10 billion in goods.

• Consumer spending

• Government spending

• Investment spending

• Net exports