Which of the following activities is most likely to be counted in GDP?
A. Gail buys paper and crayons to donate to poor children in need of school supplies.
B. Bud works hard five hours each week to make sure that his lawn always looks nice.
C. Fran volunteers at the local veteran's hospital twice a month.
D. Stu gave $5 to a homeless man he met in the park.
Answer: A
You might also like to view...
Average total cost is equal to
A) average fixed cost + average variable cost. B) total cost รท quantity. C) the change in total cost when output changes by one unit. D) Answers A and B are correct. E) Answers A and C are correct.
The slope of a horizontal line is always equal to zero
Indicate whether the statement is true or false
According to Keynes, once a system attains an economy-wide equilibrium
A. planned investment will be zero. B. the economy will be at full productive capacity. C. there may or may not be excess productive capacity. D. planned consumption will be zero.
Suppose a new law imposes a tax on all trades of bonds and stock. What is the likely effect on money demand?
A. The overall effect is ambiguous. B. Money demand declines first, then rises when inflation increases. C. Money demand rises. D. Money demand declines.