what is counted in GDP?

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a housewife does a lot of work caring for her husband and two kids

d. not counted

apple computer builds a new factory in Mexico

d. not counted

you pay the bank the remaining amount of your mortgage for a home constructed 5 years ago

d. not counted

$5 you spend to see a movie

a. consumption

you buy a new Toyota that was build in Ohio

a. consumption

you pay $300 a month to rent a house

a. consumption

you pay a tailor $275 for making a suit

a. consumption

you pay tuition to attend the university of Missouri

a. consumption

general motors buys new robots for its factory at wentzville

b. gross private domestic investment

the government increases its military expenditures by $3 billion

c. government spending

a monthly check received by an economics student who has been granted a scholarship

false

cash received from the sale of an AT&T bond

false

proceeds from cashing in a US savings bond

false

the purchase of a used tractor by a farmer

false

the services of a mechanic in fixing the radiator on his own car

false

government purchases of parts to repair helicopters

true

the income of the barber who cuts your hair

true

the purchase of tractor by a farmer

true


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