Gross Domestic Product
About the Lecture
The lecture Gross Domestic Product by James DeNicco is from the course Principles of Macroeconomics (EN). It contains the following chapters:
- Gross Domestic Product
- Definition and Accounting Rules for GDP
- Expenditure & Production
- Investment
- Government Purchases
- Short Comings
- Calculate Nominal and Real GDP
- Inflation with the GDP Deflator
Included Quiz Questions
What is an example of an intermediate good?
- Oranges sold to an orange juice manufacturer.
- Orange juice sold at the store to a family.
- A juicing machine sold to an orange juice manufacturer.
Which component of Gross Domestic Product would the purchase of new socks fall under?
- Consumption
- Investment
- Government spending
- Consumption & Investment
Which of the following is NOT included in Gross Domestic Product?
- The government pays unemployment benefits.
- Salaries to government workers.
- The government purchases an aircraft carrier.
- The government pays a private company to build a road.
Which of the following is included in Gross Domestic Product?
- None of the answers are correct.
- Vegetables you grow in your garden for yourself.
- An antique lamp resold at auction for $1 million.
- Black labor.
Author of lecture Gross Domestic Product
James DeNicco
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