Home production, such as cooking food at home, does not count towards GDP. What do you expect happens to home production during recessions and what is the effect on measured GDP?

How should we calculate a value for the things that GDP does not currently measure?

Why isn't GDP a good measure for economic well being

Which spending category of GDP does each of the following transactions count in? Please enter the letter C, I, G, NX, or N to represent consumption, investment, government spending, net exports, or none. The government paid a total of $30,000 in subsidies to people who had installed solar panels on their homes  . Bill spent his $400 social security check on rent and food  . Company X produces $5,000 of wine this year but they do not sell it  . Your parents pay $8,000 for tuition to UCF  . The government pays $1 million to people it hires to collect census data

What is economic GDP?

Should we continue to measure GDP as we do now?

For the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much  In November 2020 a wine producer in Florida  sold $15,000 worth of grapes to other wine producers in the region. SHe also sold $20,000 worth of his own bottled wine directly to the visitors of her well-known Maple syrup winery

What is the relationship of the GDP deflator to real GDP? To make comparisons across time or across borders, one must use the notion of a GDP deflator to convert nominal GDP into real GDP for comparisons. Nominal variables are in current dollars and have price level changes such as inflation and deflation included in them. Real variables are in constant dollars due to the factoring out of price level changes using a base year and a deflator. What is the current nominal GDP for the US economy? What is the current real GDP for the US economy?