Gross Domestic Product (GDP) ONLY refers to the total of FINAL goods and services produced in a country in one year.

An increase in GDP is an indicator of _______________________

Which country has the world's largest GDP?

In the US, which category of GDP is the largest? Options: Government spending, Consumer expenditure, Net exports, Investments

Which of the following is NOT a category of GDP? Government spending, Domestic labor, Business investment, Net exports

Which of the following would NOT be counted in the US's GDP? A used car your grandfather sold you, You buy a new pair of shoes online, A business buys tires to resell, A city government's spending on a new park

Which of the following would be counted in the US's GDP?
A car produced in Korea by an American car company
Your aunt pays you to babysit your cousin
A French company based in the US makes frozen pastries
A business buys ingredients to make canned soups

Which of the 4 categories of GDP does a mechanic fixing your car's transmission fit into?

Which of the 4 categories of GDP does this scenario fall into? A business purchases computer software and tablets for their employees

Which of the 4 categories of GDP does this scenario fall into? A local library purchases new audiobooks