Yeah, because you don’t know it yet.

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Presentation transcript:

Yeah, because you don’t know it yet. GDP Review Yeah, because you don’t know it yet.

YOU WON THE LOTTERY AND NEVER HAVE TO WORK AGAIN Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU WON THE LOTTERY AND NEVER HAVE TO WORK AGAIN NOT COUNTED

YOU BUY A TIRE TO REPLACE THE ONE THAT BLEW OUT Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU BUY A TIRE TO REPLACE THE ONE THAT BLEW OUT NOT COUNTED

YOU’RE A BAKER WHO BUYS FLOUR TO MAKE PIES TO SELL IN YOUR BAKERY Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU’RE A BAKER WHO BUYS FLOUR TO MAKE PIES TO SELL IN YOUR BAKERY NOT COUNTED

CASHING A GOVERNMENT BOND Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP CASHING A GOVERNMENT BOND NOT COUNTED AS PART OF THE GDP

APPLE COMPUTER BUILDS A NEW FACTORY IN THE UNITED STATES Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP APPLE COMPUTER BUILDS A NEW FACTORY IN THE UNITED STATES INVESTMENT

YOU MOW YARDS TO SAVE UP FOR A CAR AND ARE PAID IN CASH Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU MOW YARDS TO SAVE UP FOR A CAR AND ARE PAID IN CASH NOT COUNTED

Which of the following is it Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP THE GOVERNMENT MAKES A $300 SOCIAL SECURITY PAYMENT TO A REITRED PERSON NOT COUNTED IN THE GDP

THE GOVERNMENT PURCHASES A NEW SUBMARINE FOR THE NAVY Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP THE GOVERNMENT PURCHASES A NEW SUBMARINE FOR THE NAVY GOVERNMENT

YOU PAY $300 FOR RENT ON AN APARTMENT Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU PAY $300 FOR RENT ON AN APARTMENT NOT COUNTED AS PART OF THE GDP

A FAMILY PAYS FOR A NEW HOUSE Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP A FAMILY PAYS FOR A NEW HOUSE CONSUMER

YOU BUY A NEW TOYOTA THAT WAS MADE IN JAPAN Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU BUY A NEW TOYOTA THAT WAS MADE IN JAPAN NET EXPORTS (FOREIGN)

R.J. REYNOLDS CORPORATION BUYS CONTROL OF NABISCO Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP R.J. REYNOLDS CORPORATION BUYS CONTROL OF NABISCO NOT COUNTED

A WINDOW COMPANY HAS A INCREASE IN ITS INVENTORIES Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP A WINDOW COMPANY HAS A INCREASE IN ITS INVENTORIES INVESTMENT

YOU SPEND $10 TO GO TO SEE SPLIT Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU SPEND $10 TO GO TO SEE SPLIT CONSUMER

GERMANY BUYS MORE AMERICAN WHEAT? Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP GERMANY BUYS MORE AMERICAN WHEAT? EXPORTS so (X-M)

YOU PAY TUITION TO ATTEND COLLEGE Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU PAY TUITION TO ATTEND COLLEGE CONSUMER

YOU PAY $300 A MONTH TO RENT AN APARTMENT Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU PAY $300 A MONTH TO RENT AN APARTMENT CONSUMER

A FAMILY PAYS $75,000 FOR A HOUSE BUILT 3 YEARS AGO Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP A FAMILY PAYS $75,000 FOR A HOUSE BUILT 3 YEARS AGO NOT COUNTED

FORD BUY NEW AUTO- MAKING ROBOTS Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP FORD BUY NEW AUTO- MAKING ROBOTS INVESTMENT

Which of the following is it Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU BUY A 3 YEAR OLD CAR NOT COUNTED AS PART OF THE GDP

YOU BUY $1000 WORTH OF STOCK IN GENERAL MOTORS, CORP. Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU BUY $1000 WORTH OF STOCK IN GENERAL MOTORS, CORP. NOT COUNTED

YOU’VE BOUGHT A USED CAR Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP YOU’VE BOUGHT A USED CAR NOT COUNTED

A HOMEMAKER WHO WORKS HARD CARING FOR HER HUSBAND, HOME AND CHILDREN Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP A HOMEMAKER WHO WORKS HARD CARING FOR HER HUSBAND, HOME AND CHILDREN NOT COUNTED

A WINDOW COMPANY HAS A INCREASE IN ITS INVENTORIES Which of the following is it? C + I + G + (X-M) OR NC IF IT’S NOT COUNTED IN THE GDP A WINDOW COMPANY HAS A INCREASE IN ITS INVENTORIES INVESTMENT