Tackle the Test: Free-Response Questions

  1. Question

    Dp8OYsTBtSuBMWQIALLNAXSX4ZsQc4lXAeTF1H8YnOY1K4kLSxZXrYUMSv35G3BdXQxx278TvPfg3R+BQZWXijoDp21uRCjbF0qnjdYy5UgWIYHg+vxMYEecX5ovUYUpPN6RlMH+9ACt0fRcWh0OCBo4gjTBK2TDxVl8ordVUunfHGNg8BKeCgXWnSp4oRcEqqLqaIeTtTTE4lB1bApO8ypa+VC0CPgn/eb6vsNymDgjWQQG+qxn79cVYnzsiajl+LMuk1DCPVI8ORo1YfJkn7BY35qMfCLjxGkG0G46bUyv51XIIJjS4q//yzAK8lQtey24C9S1DFy+jU2BMBqb6Q37CR/raHUyVNTvLiW92OziTOEiHPBGbIdEs3TG++gFbWNpnnMhza47aWDhJHhU+02S/6I/BXx0WuzZdBsEKu2trFfu3h6uzV4jhjw3AT2bFOAVWxYeCxiMzWrCl3KqCumfFm9Ryv3Z13Z8Fp4fGjFnggz6e9C/0HvLvWA/rUubqR7LlPWEfwYzI6P0IXdNjqbDJOiTgPzTPIoN02ec3K3JmYczvZNPOaxRYJ808yC8yw1TvhvjHIDcnGP5nT8cF6t+TRj8aKWkfzMGmt+Uvm0uvQIHFQTxQP166W7oIS+dZrM6y0Tp34H1wkxd8Wai7K5yi+GJMDpzUQ1KF4NRQV1nNXAeX1VZ5sKd4utO11tR/LdOE6Q+kZ6mzzybONFdKXCW7onYljk+5UqMfpl7UHfQJCb71jZN/WMt34PxKfKIqPSTHWP3oZ/6dDYdFeDgaoS5sMiDEgnN4/GfRPzg676Yf8gkufcnBfb7KE/59FolEewkT8YUFtzPpv/voexMSGK0L44W9XRglDId+6Ph8jsQBgVNH8pWh0Yd6AJLlJmoJkIUo2yEabpXs5Upi/zvQLSQgXxpxsZJvMXpVy2kznwDTh9N3p7Lfm3nmn2we7gfxeMPiM9a3fy32EwpEoZ1UHYjv3svXB5vPvWzzYhOSVzm8cQUQ4NQx3f4cMh/XQNpIe0XZyzskPntH3rBLLDhdJM8JZBZsK/885RTmK0cSVVSNwSVzfGz97avKqMszDhYcgMHaBZOTTEfzJsI9TJlGiMtJ/G7+0U8TjItPpqqO45R1qPOBU1TdQNg4z3upGCoACGKNPY40spVYvGiwXOPNHpxZ1o4zOqX4AW053tRtZ/9T39SJUM5ZNAwtcVB7XkMyPJBZeMzUoe8cmXlJWXtGlEIEhgenDdbJ4whVc+g6NY6L/gdcC4ObG5UaLw5EwK30H7QnG0gMtp+Q5NcpGdeCJZ1MVfVnpnBStDC9T4nyNi42n9BnuNySYevNAk/seeP2NBZGpoq+x2+S9lsEgU+ljyqHxsMa4X0y8MPriaGJ1k7LwlIOAZtVTo8FWUvPJnsGFAewjuW3N7hMS9n0Bpit2r7aFH2dPs4Gi4M973ElzJzm6cKJYTZaKoTKHU8+9SRYef9vjo//z6qsxBBdsByYJFTh/uWtOxuID0tgQQf+D0uhhTb/C/EgB++MbAOip3W2G/CViZu2CutOkUxkKy9Sqdy0XVSoKhziDq1rB6KEZs4xwh6k9/bugtHgXI0Eto2Y/z9Afy6wR93ukpVKZ3zpbe2ovalDXPm91bMdI7BcsXd35HTxQemwjhmEyJOCplOsczxcosB9/XnU2rwC5UZoJqCiFgGM1ELOHVdgGASUKf326Or94FQLw+oFc1P9+ZiDDLKuuJM3Rn5JVbDQ04uJw==
    Will each of the following transactions be included in GDP for the United States? Explain why or why not.

    Rubric for FRQ 1 (6 points)

    1 point: Yes. New structures built in the United States are included in U.S. GDP.

    1 point: No. The airplane is used, and sales of used goods are not included in GDP.

    1 point: No. This is a transfer of ownership—not new production.

    1 point: Yes. This is an export.

    1 point: No. This is an import—it was not produced in the United States.

    1 point: Yes. Additions to inventories are considered investments.

  2. Question

    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