1. How will the following economic scenario be recorded for GDP, if at all?

Mike a homeowner, goes to Home Depot and buys $200 worth of lumber, which he uses to build a shed at his house worth $1,000.

Group of answer choices

Consumption $200

Consumption $1,000

Consumption $1,200

Investment $1,200

No Impact

2. How will the following economic scenario be recorded for GDP, if at all?

Sara buys movie tickets for $30 and brings her boyfriend. She buys popcorn for $10 while there.

Group of answer choices

Consumption $30

Consumption $10

Consumption $40

Investment $40

No Impact

None of the above

3. How will the following economic scenario be recorded for GDP, if at all?

Tim purchases a car from a local used car lot for $10,000. The car needs new brakes, so he goes to a local mechanic and pays $100 for the brakes.

Group of answer choices

Investment $10,000

Consumption $10,000

Investment $1,100

Consumption $1,100

Investment $100

Consumption $100

No Impact

4. How will the following economic scenario be recorded for GDP, if at all?

McDonald's buys $10,000 ordering touchscreens to speed up the long lines.

Group of answer choices

No Impact

$10,000 Consumption

$10,000 Investment

$10,000 Government

$5,000 Consumption, $5,000 Investment

5. How will the following economic scenario be recorded for GDP, if at all?

Abercrombie manufactures a T-Shirt in China for $10 and sells it at its US store for $20.

Group of answer choices

Consumption $10

Consumption $20

Consumption $30

Net Exports -$10

No Impact

Net Impact $10

6. How will the following economic scenario be recorded for GDP, if at all?

Grandpa receives his social security check for $1,000 and spends $100 on a lottery ticket.

Group of answer choices

Consumption $100

Consumption $1,100

Consumption $100, Investment $1,000

Consumption $100, Government $1,000

No Impact

7. How will the following economic scenario be recorded for GDP, if at all?

Grandma takes $500 from her social security and invests $200 in a mutual fund and $300 in stocks.

Group of answer choices

Government $500

Government $500, $200 investment

Investment $200

Consumption $700

No Impact

8. How will the following economic scenario be recorded for GDP, if at all?

Newtown collects $10,000 in property taxes from Mike a Newtown resident and uses the $10,000 to purchase a police dog.

Group of answer choices

Government $10,000

Government $20,000

Consumption $10,000

No Impact

9. How will the following economic scenario be recorded for GDP, if at all?

Mary sells her existing home for $300,000 and buys a new house for $500,000.

Group of answer choices

Consumption $300,000

Consumption $800,000

Investment $300,000

Investment $500,000

Investment $800,000

No Impact

10. How will the following economic scenario be recorded for yearly US GDP 2020, if at all?

Sally gets a subscription to the Wall Street Journal and makes monthly payments of $10.

Group of answer choices

Consumption $10

Consumption $90

Consumption $120

No Impact

11. How will the following economic scenario be recorded for yearly US GDP 2020, if at all?

Tesla builds $100,000 worth of model X, but only sells $80,000.

Group of answer choices

Consumption $80,000

Investment Inventory $100,000

Consumption $80,000, Investment Inventory $20,000

No Impact

12. How will the following economic scenario be recorded for yearly US GDP 2020, if at all?

Wawa buys a new soda machine for its store costing $5,000.

Group of answer choices

Consumption $5,000

Investment $5,000

Investment Inventory $5,000

Government $5,000

No Impact

13. Total US GDP for 2020 would be?

Group of answer choices

$500,000

$525,500

$625,500

$625,570

$725,500