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?