GDP, Business Cycle, and Standard of Living

Match it! Select the correct answer from the pull down...Good luck!

Indicate which component of GDP is affected in this scenario, A business that sells lamps increases their current inventory by 5,000 lamps

GDP is the value of all final goods and services produced within a countries borders in a given period of time.

Indicate which component of GDP is affected in this scenario, Starbucks purchases a new coffee machine to keep up with business.

Government spending, such as food assistance, Social Security, and Medicaid are included in GDP.

What best describes a developing nation?

Indicate which component of GDP is affected in this scenario, A school receives funding from the Dept. of Education

What is GDP per capita?

Indicate which component of GDP is affected in this scenario, A teenager purchases their first car, a used Prius