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Billy Is a Plumber

Question 125

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Billy is a plumber.He earns $15 per hour.One morning,just before leaving for work,he found a leaky pipe in his kitchen.He spent 2 hours repairing the pipe.
a)How would this affect the calculation of GDP?
b)If Billy had spent 2 hours working for one of his clients,what would have been the effect of his activity on the calculation of GDP?

Correct Answer:

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a)Billy would not receive any monetary p...

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