Which of the following transactions count towards GDP? Buying a used car from your friend. Buying a home built in 2000. Buying a newly constructed condo. Lending money to a friend who just bought a home. B.

In the expenditure approach of measuring GDP, which of these would not be counted as government purchases? Government paying private contractors. Wages of government employees. Social Security. Fleet of US military airplanes.

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 GDP (Gross Domestic Product), and how is it calculated?