Is it included in GDP?

Is it included? If so, what category? The US buys lots of shoes made in Vietnam.

Included, but it's SUBTRACTED from our GDP since it's an IMPORT. (Remember, net exports = exports MINUS imports)

Is it included? If so, what category? The US produces lots of computers that are sold all over the world.

Included: Exports (added to our GDP since it's made in our country)

Is it included? If so, what category? The US sells microprocessor chips to the European Union countries.

Included: Exports! We add this to our GDP since we made it.

Is it included? If so, what category? The government builds a new highway in Texas.

Included: Government spending

Is it included? If so, what category? Tesla builds a new factory in Austin.

Included: Investment

Is it included? If so, what category? You buy flowers from a local florist for your mom's birthday.

Included: consumer spending

Is it included? If so, what category? Your mom buys a pound of flour to make homemade bread.

Included: consumer spending. Your mom just bought groceries.

Is it included? If so, what category? A hairstylist buys new scissors and combs for her barber shop business.

Included: investment. This is spending for her business!

Is it included? If so, what category? The US buys cell phones that are produced in South Korea.

Included, but it's SUBTRACTED from our GDP since it's an IMPORT. (Remember, net exports = exports MINUS imports)

Is it included? If so, what category? You buy a used Ford truck.

Not included (used)

Is it included? If so, what category? Your mom makes $5,000 in the stock market.

Not included! Purely financial- nothing is produced.

Is it included? If so, what category? You babysit your neighbors kids and earn $75 cash.

Not included! This is a non-market activity since you are not reporting your cash earnings to the IRS. The gov't has no way of knowing the money you made.

Is it included? If so, what category? The government pays out $50 million dollars in food stamps to people living in poverty.

Not included! This is a transfer payment and an example of welfare. It's not included because nothing is produced, it's simply the government giving financial aid to people in need.

Is it included? If so, what category? Ford buys 450 tires to install on the cars that they are producing.

Not included! This is an intermediate good since Ford is using the tires to make the cars.

Is it included? If so, what category? A bakery buys 100 pounds of flour to make bread to sell to the community.

Not included! This is an intermediate good since the flour is a resource used to make the bread that they sell.