GDP Quiz

Read the scenario and determine if this is INCLUDED or NOT INCLUDED in the GDP for the United States: You buy a new pair of jeans at a local clothing store.

• Included in GDP

• Not included in GDP

• Can not determine with the information provided

Read the scenario and determine if this is INCLUDED or NOT INCLUDED in the GDP for the United States: Your parents buy you a new Ford truck for graduation.

• Included in GDP

• Not included in GDP

• Can not determine with the information provided

Read the scenario and determine if this is INCLUDED or NOT INCLUDED in the GDP for the United States: You buy a used Halloween costume at Goodwill to save some money.

• Included in GDP

• Not included in GDP

• Can not determine with the information provided

Read the scenario and determine if this is INCLUDED or NOT INCLUDED in the GDP for the United States: Your mom makes $75 selling all the clothing that you have outgrown at a neighborhood garage sale.

• Included in GDP

• Not included in GDP

• Can not determine with the information provided

Read the scenario and determine if this is INCLUDED or NOT INCLUDED in the GDP for the United States: The US government spends $2 million buying new planes for the military.

• Included in GDP

• Not included in GDP

• Can not determine with the information provided

Categorize the following scenario as Consumer Spending, Investment, Government Spending or Net Exports for the US’s GDP: Apple Inc. spends $14 million building a new factory in California.

• Consumer Spending

• Investment

• Government spending

• Net Exports (exports-imports)

Categorize the following scenario as Consumer Spending, Investment, Government Spending or Net Exports for the US’s GDP: US citizens buy $25 million of goods from China.

• Consumer Spending

• Investment

• Government spending

• Net Exports (exports-imports)

Categorize the following scenario as Consumer Spending, Investment, Government Spending or Net Exports for the US’s GDP: The US government spends $60 million on interstate highway repair.

• Consumer Spending

• Investment

• Government spending

• Net Exports (exports-imports)

Categorize the following scenario as Consumer Spending, Investment, Government Spending or Net Exports for the US’s GDP: You buy flowers for your mom for Mother's Day at a local flower shop.

• Consumer Spending

• Investment

• Government spending

• Net Exports (exports-imports)

Calculate GDP for this country using the data provided.

• $130

• $135

• $140

• $145