Suppose Angela falls in love with and subsequently marries her regularly employed housekeeper, Tony. What effect would this action have on GDP?
A) It would stay the same.
B) It would fall.
C) It would rise.
D) It would fall but then increase after the honeymoon was over.
E) It depends on whether he starts to work in the house free of charge or whether she still pays him.
Correct Answer:
Verified
Q90: Nominal GDP will increase
A)only if the average
Q91: Use the table below to answer the
Q92: Use the table below to answer the
Q93: Government expenditure on goods and services
A)includes transfer
Q94: Which of the following items would be
Q96: The purchase of a new home is
Q97: In the National Income and Expenditure Accounts,
Q98: Use the table below to answer the
Q99: Consumption expenditure includes only
A)expenditure by Canadian households
Q100: Choose the correct statement.
A)When nominal GDP increases,
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