GDP: Is it Counted and where?

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

consumption spending; if you are buying the home, consumer spending

apple computer co. builds a new factory in the US

investment (business) spending

at the end of the year, a flour milling firm finds that its inventories of grain and flour are $10,000 above the amts of its inventories at the start of the year

investment (business) spending

ford motor co. buys new auto-making robots

investment (business) spending

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

not counted

a homemaker works hard caring for her spouse and kids

not counted; do it yourself

RJ Reynolds Co buys control of Nabisco

not counted; transfer of ownership

you buy general motors corp stock for $1000 in stock market

not counted; transfer of ownership

the government makes a $300 social security payment to a retired person

not counted; transfer payment

you buy a new Toyota that was made in Japan

Net exports; an import

an accountant pays a tailor $175 to sew a suit for her

consumption spending

you pay $300 a month to rent an apartment

consumption spending

you pay tuition to attend college

consumption spending

you spend $7 to attend a movie

consumption spending

the government increases its defense expenditures by $1,000,000,000

government spending


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