Getting Deep into GDP

The total market value of all final goods and services produced within the borders of a country during one year.

• Gross National Product

• NNP

• Gross Domestic Product

• GDP/Capita

The GDP measured in current dollars.

• Potential GDP

• Real GDP

• This year's GDP

• Nominal GDP

The market value of all final goods and services produce by a countries' factors of production in a given time period irrespective of thier location.

• Gross National Product (GNP)

• Gross Domestic Product (GDP)

• Real GDP

• Nominal GDP

Pak Budi is an Indonesian citizen who owns a company in Japan. He earns Rp 500 billion in 2022. Pak Budi's earnings will be included in the ___ of Indonesia in 2022.

• Real GDP

• GDP

• GNP

• Nominal GDP

This includes all the expenditures of federal, state, and local governments on goods and services.

• Debt

• Investments

• Government spending

• Imports

Nicole bought a new laptop that cost Rp 3.9 juta when she started to study in Widya Mandala in 2021. Last December 2022, her aunt brought her the latest launch model of brand new Mcbook as Christmas gift. She then sold her 1 year old laptop in Shoppe as pre-loved items at 50% off price from the original price when she bought it last year. The Mcbook that her aunt bought her last December costs Rp 7.9 juta.

Which among these transactions was included in the GDP of 2022?

• Rp7.9 juta

• Rp7.9 juta + (50% of Rp3.9 juta)

• Rp3.9 juta

• Rp7.9 juta + Rp3.9 juta

Nicole bought a new laptop that cost Rp3.9 juta when she started to study in Widya Mandala in 2021. Last December 2022, her aunt brought her the latest launch model of brand new Mcbook as Christmas gift. She then sold her 1 year old laptop in Shoppe as pre-loved items at 50% off price from the original price when she bought it last year. The Mcbook that her aunt bought her last December costs Rp7.9 juta.

Which among these transaction will affect the GDP of 2021?

• None of them

• Rp3.9 * 50%

• Rp7.9 juta

• Rp3.9 juta

Nicole bought a new laptop that cost Rp3.9 juta when she started to study in Widya Mandala in 2021. Last December 2022, her aunt brought her the latest launch model of brand new Mcbook as Christmas gift. She then sold her 1 year old laptop in Shoppe as pre-loved items at 50% off price from the original price when she bought it last year. The Mcbook that her aunt bought her last December costs Rp7.9 juta.

Suppose that Nicole was only able to sold her old laptop in January of 2023, how much will be added to the GDP of 2023?

• 50% of Rp3.9 juta

• Zero

• Rp7.9 juta

• Rp3.9 juta

Nicole bought a new laptop that cost Rp 3.9 juta when she started to study in Widya Mandala in 2021. Last December 2022, her aunt brought her the latest launch model of brand new Mcbook as Christmas gift. She then sold her 1 year old laptop in Shoppe as pre-loved items at 50% off price from the original price when she bought it last year. The Mcbook that her aunt bought her last December costs Rp 7.9 juta.

Suppose that this new Mcbook was bought by her Aunt in WTC in a laptop store owned by a Chinese citizen, will this transaction be included in the GDP calculation of Indonesia?

• No idea

• Maybe

• No

• Yes

In the circular flow diagram, we learn that firms sell goods and services to 3 groups, choose which one is not included

• Foreign firms and households

• Domestic households

• Capital

• the government