1 .		GDP includes all transactions in which money or goods change hands.     True   False
2 .		GDP is equal to the value of total sales in an economy.     True   False
3 .		I bought a record last year. I don't like it any more and am going to sell it to my cousin for $2. This sale should be included in GDP.     True   False
4 .		Consumption, investment, government purchases, and net exports are the four components of total expenditures.     True   False
5 .		Households have all of their personal income to spend or save.     True   False
6 .		When economists calculate nominal GDP, it means they are calculating GDP only approximately.     True   False
7 .		Per capita GDP is a country's GDP divided by its population.     True   False