Gross Domestic Product and Employment
1. Copy/paste any items from the following list that you think are included in GDP into the first column of the table below:
- The purchase of copy paper by Intel for the company staff
- The purchase of an electronic handheld organizer by a sales manager to keep track of clients
- The purchase of a new aircraft carrier by the Navy
- An increase in Dell's inventory of unsold personal computers
- A family eating dinner at Jack in the Box
2. Next, identify whether each item falls into the category of Consumption, Investment, Government Expenditure, or Net Export by placing an "X" in the appropriate column.
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Items included in GDP
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Consumption
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Investment
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Government Expenditure
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Net Export
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3. Finally, describe in 100 words or less the condition of "full employment" and explain why, even under the conditions of full employment, there is still a percentage of the labor force who are not working.