Refer to the scenario above. Which of the following will happen if she puts him into a day care?
A) The country's GDP will decrease by $12,000.
B) The country's GDP will increase by $12,000.
C) The country's GDP will remain unchanged.
D) The country's trade deficit will increase by $12,000.
B
You might also like to view...
What are the main influences on the FOMC federal funds rate decision?
What will be an ideal response?
What is meant by productive efficiency? How does a perfectly competitive firm achieve productive efficiency?
What will be an ideal response?
Wide acceptance of money without intrinsic value comes largely from the fact that it:
A. has a stable value. B. is convenient to use. C. is hard to counterfeit. D. can be used domestically and internationally.
Mr. Stewart owns the only hardware store in a small Midwestern town. His nearest competition is more than 50 miles away, yet he does not earn any economic profit. Does someone need to explain the economic concept of monopoly to him?