Suppose that instead of Greg buying his lunch at a fast-food restaurant for $15.00,he buys $5 worth of food at the grocery store and spends an hour of his time creating his lunch.By how much would GDP change?
A) -$10
B) -$15
C) $5
D) Not enough information provided

Question

Quizplus · Accepted Answer

GDP would decrease by $10 because Greg's spending on lunch decreases from $15 to $5, and the time he spends making his lunch does not count towards GDP.

Suppose That Instead of Greg Buying His Lunch at a Fast-Food