You have decided to live off of nature. You cut down an old dead tree and use the wood to make a small canoe for yourself. Then you fashion a fishing rod from some old wire and an old hook. You dig up worms to use as bait, and you catch two fish and cook them for your dinner. Based on all these activities, how much did GDP change?

Question

Quizplus · Accepted Answer

GDP is the total value of all goods and services produced within a country's borders within a certain period of time. In this scenario, there were no goods or services sold in the market, so there was no contribution to the GDP. Additionally, the items were self-made, so there was no transaction involved. Therefore, GDP does not change.

You Have Decided to Live Off of Nature