Gdp: is it counted and where? for each of the following items, write one of the following in the space provided: c if the item is counted as consumption spending, t if the item is counted as investment spending, g if the item is counted as government spending, nx if the item is counted as net exports, and nc if the item is not counted in gdp. 1. you spend $7.00 to attend a movie. __ 2. a family pays a contractor $100,000 for a house he built for them this year. __ 3. a family pays $75,000 for a house built three years ago. __ 4. an accountant pays a tailor $175 to sew a suit for her. __ 5. the government increases its defense expenditures by $1,000,000,000. __ 6. the government makes a $300 social security payment to a retired person. __ 7. you buy general motors corp. stock for $1,000 in the stock market. __ 8. at the end of a year, a flour-milling firm finds that its inventories of grain and flour are $10,000 above the amounts of its inventories at the beginning of the year. __ 9. a homemaker works hard caring for her spouse and two children. __ 10. ford motor co. buys new auto-making robots. __ 11. you pay $300 a month to rent an apartment. __ 12. apple computer co. builds a new factory in the united states. __ 13. r. j. reynolds co. buys control of nabisco. __ 14. you buy a new toyota that was made in japan. __ 15. you pay tuition to attend college. __ we count only the final retail price of a new good or service in gdp. why? a purely financial transaction will not be counted in gdp. why? when a homeowner does home-improvement work, the value of the labor is not counted in gdp. why?

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

Which of the following is least likely to a team solve problems together