GDP: Is it Counted?
The commission paid to the stock broker for processing the sale of MSFT stock on the NYSE.
Included: Consumer expenditures, service
The purchase from the art dealer Sotheby's of Van Gogh's "Irises" by a collector in Kansas City with her winnings from the PowerBall lottery.
excluded: second-hand good (already counted in the Netherlands in the late 1800's; art dealer's commission on the sale would count in GDP)
The purchase on eBay of a second-hand John Deere tractor by a farmer living in IA.
excluded: second-hand good (already counted)
Cash received by a college student at WashU from the sale of Microsoft (MSFT) stock on the NYSE.
excluded: financial transaction
Cash recieved by a college student at SLU from the sale of a GM bond.
excluded: financial transaction
Google buys 30 Toyota Priuses (made in Yokohama) for use in its project to develop an auto-piloted car at its R&D facility in CA.
excluded: iMport
Intel buys new chip-processing robots from an American company manufacturing in Taiwan.
excluded: iMport
St. Louis Bread Co purchases flour from a MO farmer for use in the production of sourdough bread.
excluded: intermediate good
U.S. federal government purchase of parts made by Boeing in St. Louis for Stinger missiles.
excluded: intermediate good; OR included: Government (as spare parts)
The services of a mechanic living in Kirkwood in fixing the brakes in his own Mazda car.
excluded: non-market transaction/ activity
The work a house-husband does caring for his wife and children in Denver, CO.
excluded: non-market transaction/ activity
The $375,000,000 won in the PowerBall lottery by a Kansas City BBQ chef.
excluded: private transfer payment
U.S. federal government makes a social security payment to a retired person.
excluded: public transfer payment
The payment to your neighbor for the house you bought from her this year after yours burned down.
excluded: second-hand good (already counted, realtor commission would be included in GDP)
The purchase of flour at Dierbergs by a house-hold husband in Clayton for use in his home bread machine.
included: Consumer expenditures, non-durable good
The fees paid to a local accountant for preparing your current-year tax return.
included: Consumer expenditures, service
The payment to a seamstress with a shop in the mall for altering your wedding dress.
included: Consumer expenditures, service
The purchase of a ticket for the movie "John Q" by a high school student at the local AMC theater.
included: Consumer expenditures, service
The $250,000 cash payment an uninsured American makes to a greedy corporate hospital for a heart transplant for his son.
included: Consumption expenditures, service
Construction of a high speed rail system between Chicago and St. Louis by Union Pacific under contract with the states of MO & IL.
included: Government expenditures
Apple build a new factory in CA to begin manufacturing the iPad domestically.
included: Investment
The George W. Bush Foundation builds the George W. Bush Library on the SMU campus in Dallas.
included: Investment
The payment to a local general contractor for a house he built for you this year in West Palm Beach, FL.
included: Investment
The purchase by a farmer in NM of a new center-pivot irrigation system manufactured in TX by a Chinese firm.
included: Investment
An increase in business inventories at U.S. car manufacturers from 2011 to 2012.
included: Investment (special sub-category of investment)
The purchase of a Ford F-150 pickup--manufactured in Fenton, MO--by the Mexican government.
included: eXport
The purchase of a Toyota, a Japanese car, made in Tennessee, by a Mexican-American living in FL.
included: Consumer expenditures, durable good
