AP Macroeconomics: 2A #2 Is this counted a part of GDP? – Flashcards
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A monthly check received by an economics student who has been granted a government a government scholarship
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Not included, non production transaction
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A farmers purchase of a new factor
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Included, investement
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A plumber's purchase of a two-year old used truck
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Not included, used
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Cashing U.S. government bond
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Not included, non production transaction
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The services of a mechanic in fixing the radiator on his own car
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Not included because it is not in the market
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A social security check from the government to a retired store clerk
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Included, government we don't count that
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An increase in business inventories
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Investment, included
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The government purchase of a new submarine for the Navy
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Included, government spending
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A barbers income from cutting hair
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Included, consumer income
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Income received from the sale of Nick stock
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Not included, non production transaction
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You spend $7.00 to attend a movie
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Consumer spending
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A family pays a contractor $100,000 for a house he built for a house he built for them this year
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Investement
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A family pays $75,000 for a house built three years ago
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Not included
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An accountant pays a tailor $175 to a sew a suit for her
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Consumer spending
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The government increases its defense expenditures by $1,000,000,000
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Government spending
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The government makes a $300 Social Security payment to a retired person
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Not included, because social security
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You buy General Motors Corp. stocks $1,000 in the stock market
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Not included, because it says stocks
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At the end of a year, a flour milling firm finds that its inventories of grain and flour are $10,000 above the amounts of its inventories at the beginning of the year
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Investement
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A homemaker works hard for her spouse and two children
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Not included
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Ford Motor Co. buys new auto-making robots
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Investement
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You pay $300 a month to rent an apartment
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Consumer spending, because it is a service
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Apple Computer Co. builds a new factory in the United States
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Investement
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R.J. Reynolds Co. buys control of Nabisco
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Not included
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You buy a new Toyota that was made in Japan
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Not incluedd
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You pay tuition to attend college
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Consumer spending
