is it counted in GDP?
Your parents buy a 5-year old house so the family has more room. Counted? Explanation:
No, Used Good
You buy 100 shares of Amazon. Counted? Explanation:
No, Financial Transaction
You cash in a savings bond to pay your college tuition. Counted? Explanation:
No, Financial Transaction
You spend a week painting the family home (your hours of effort). Counted? Explanation:
No, Non-Market Activity
Your mother bakes cupcakes for your sister's birthday party at school. Counted? Explanation:
No, Non-Market Activity
Your grandmother collects $1,200 each month in social security. Counted? Explanation:
No, Public Transfer
You are paid by your parents to baby sit a younger sibling. Counted? Explanation:
No, Transfer Payment
You buy a classic 1995 Ford Mustang that is in perfect condition. Counted? Explanation:
No, Used Good
You buy your cousin's car so you have a reliable source of transportation. Counted? Explanation:
No, Used Good
The realtor earned $5,000 commission of the sale of your new condo. Counted? Explanation:
Yes, Consumption
You buy a Christmas toy at Target. Counted? Explanation:
Yes, Consumption
You pay tuition to attend college. Counted? Explanation:
Yes, Consumption
You spend $50 on a new pair of shoes. Counted? Explanation:
Yes, Consumption
The government increases spending on roads. Counted? Explanation:
Yes, Government Spending
A company builds 100 laptops that do not sell this year. Counted? Explanation:
Yes, Gross Private Investment
At the end of the year, a shoe store finds its shoe inventory is $2,000 more than it was at the beginning of the year. Counted? Explanation:
Yes, Gross Private Investment
Your parents buy a new condo, built this year, for you to live in while at college. Counted? Explanation:
Yes, Gross Private Investment
You buy a television for your dorm room that was made in China. Counted? Explanation:
Yes, Net Exports