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Gdp – to be, or not to be…counted? that is the question

directions: for each of the following, determine whether or not it is counted in gdp. if it’s counted, then tell me whether its consumption, investment, government spending, net exports, rent, wages, interest or profit. if it’s not counted, then explain why.

1. paris hilton earns $7.50/hr working at the local grocery store.


2. koko purchases a brand new toyota tundra made in san antonio.


3. the united states marine corps invades austin, texas and in the process spends $5 billion. austin surrenders.


4. on vacation, hugo chavez purchases a goofy hat at walt disney’s magic kingdom. he then declares himself supreme leader of tomorrow land.


5. my father-in-law receives a monthly check for the oil pumped off of his property.


6. intel spends $300 million building a semiconductor factory in san jose, costa rica.


7. intel spends $300 million building a semiconductor factory in san jose, california.


8. former british prime minister tony blair decides to start a boy band and purchases a used volkswagen euro van in which to tour south texas.

9. john deere tractor receives payment from lindsey lohan for a new tractor.


10. mr. mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured.

Respuesta :

azikennamdi

This prompt has to do with the classification of activities that should comprise of the Gross Domestic Product (GDP).

What is GDP?

Gross Domestic Product (GDP) is defined as the sum total of all finished goods and services manufactured within the borders of an economy.

1. Paris Hilton earns $7.50/hr working at the local grocery store. (To be counted - Wages)

2. Koko purchases a brand new Toyota tundra made in san Antonio. (To be counted - Consumption)

3.The united states marine corps invades Austin, Texas and in the process spends $5 billion. Austin surrenders. ( To be counted - Government Spending)

4. On vacation, Hugo Chavez purchases a goofy hat at Walt Disney's magic kingdom. He then declares himself the supreme leader of tomorrow's land. (The purchase of the hat is Consumption)

5. My father-in-law receives a monthly check for the oil pumped off of his property. (To be counted - Rent/Royalty)

6. Intel spends $300 million building a semiconductor factory in San Jose, Costa Rica. (To be counted - Consumption)

7. Former British prime minister Tony Blair decides to start a boy band and purchases a used Volkswagen euro van in which to tour south Texas. (To be counted - Consumption)

8. John Deere tractor receives payment from Lindsey Lohan for a new tractor. (to be counted - Consumption by Lohan)

9. Mr. Mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured. (To be counted from the perspective of the seller)



Learn more about the GDP at:

https://brainly.com/question/1383956