Suppose Gerald works for Lola as a production assistant. Gerald and Lola fall in love, get married and have children. Gerald stops working for Lola in order to care for the children. What will be the effect of this scenario on GDP?
A) GDP will increase.
B) GDP will decrease.
C) GDP will not change.
D) GDP may increase or decrease depending on the rate of inflation.
Correct Answer:
Verified
Q25: For the best indication of the material
Q26: If real GDP is less than nominal
Q27: Table 16.3 : Q28: The size of the underground economy would Q29: Which of the following transactions would take Q31: Which of the following statements is true? Q32: Research conducted by Justin Wolfers and Betsey Q33: In the United States, the size of Q34: GDP does not account for things we Q35: GDP is a good measure of the
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents