Suppose you volunteer to help clean up your neighborhood,and the only payment you receive is the sense of goodwill that develops with your neighbors.Your efforts cause the GDP of the economy to
A) Remain unchanged.
B) Fall by the opportunity cost of the time you spend doing volunteer work.
C) Rise by the opportunity cost of the time spent by all of the people in the neighborhood on the volunteer project.
D) Rise by the value of increased cleanliness of the neighborhood.
Correct Answer:
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Q1: If GDP per capita was $500 in
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A)Is equal to a nation's
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A)Market investors in making
Q5: Which of the following statements is correct
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A)C + I +
Q7: If GDP grows more rapidly than population
Q8: For an economy with only two goods,skate
Q9: A nation's GDP can be calculated as
A)The
Q10: If a nation has GDP of $12,500
Q11: Which of the following is treated differently
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