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Step 3: Calculate GDP (We Do) GDP consists of four parts - consumer goods and services, government purchases of goods and services, investment goods, and exports and imports. C = family (household) spending on consumer goods and services G = government purchases of goods and services - = spending by firms and households on new capital such as factories, tools, inventory increases or decreases, and new houses NX = exports are added to GDP and imports are subtracted. Determine the GDP component (C, G, or I) for each box. Video Games Family Minivan Bread 8,000 dollars 50,000 dollars 5,000 dollars Factory Manicures Concerts 24,000 dollars 2,000 dollars 1,000 dollars Cruise Missile New Roads Increase in toy inventory 10,000 dollars 10,000 dollars 1,000 dollars Butter Books Visits to Doctor's Office 1,000 dollars 5,000 dollars 20,000 dollars Candy Bars Apples Police Protection 5,000 dollars 3,000 dollars 5,000 dollars Imports Exports 5000 3000 Calculate GDP. G= (x-m) = GDP Formula- GDP (Y) = C+I+ G+ (X-M)