GDP: Is it Counted and Where? practice

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Not Counted

A family pays $75,000 for a house built three years ago

Investment

A family pays a contractor $100,000 for a house he built for them this year.

Not Counted

A homemaker works hard caring for her spouse and two children

Consumption

An accountant pays a tailor $175 to sew a new suit for her.

Investment

Apply Computer Co. builds a new factory in the United States.

Investment

At the end of a year, 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

Investment

Ford Motor Co. buys new auto-making robots.

Not Counted

R.J. Reynolds Co. buys control of Nabisco.

Government

The government increases its defense expenditures by $1 million

Not Counted

The government makes a $300 Social Security payment to a retired person.

Not Counted

You buy General Motors Corp. stock for $1,000 in the stock market.

Net Exports

You buy a new Toyota that was made in Japan.

Consumption

You pay $300 a month to rent an apartment

Consumption

You say tuition to attend college.

Consumption

You spend $7,000 to attend a movie.


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