Adam, Jill, and Sasha volunteered to paint at their community center. The center had already purchased the painting materials for the project from the local hardware store last year. The value of the community center's painting project
A) does not involve any productive activities and for this reason it will not be included in GDP.
B) will not be included in this year's GDP even though productive activities are involved.
C) will only account for the market value of Adam, Jill, and Sasha's painting time.
D) will be counted as the price charged by a professional painting firm, if it were to do the job.
Correct Answer:
Verified
Q2: GDP per capita is GDP divided by:
A)
Q5: If a country's GDP per capita rises,
Q6: What data are used to calculate GDP?
A)
Q7: GDP can be defined as the
A) market
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