Free response questions. Answer each question in detail using complete sentences. Use as much economic
vocabulary as you can.
1. Economic Indicators
Which of these goods would be counted in the calculation of U. S. GDP? Explain why? Which of these
goods would not be counted in GDP? Explain why?
a. Ford Cars produced in Detroit, Michigan.
b. Federal Investment in bridges.
c. Samsung Phones imported from China.
d. Used Refrigerators sold on Craigslist.
e. Tools purchased by a Minnesota home builder.
Answers: 2
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