Maureen was once a stay-at-home mom and made all her kids' clothing.Now she has a job as a teacher earning $50 000 per year and she spends $10 000 of that buying clothing that she used to make.As a result of this,by how much did GDP and output increase per year?
A) GDP and output both increased by $50 000.
B) GDP and output both increased by $60 000.
C) GDP increased by$50 000 and output rose by $40 000.
D) GDP increased by $60 000 and output rose by $50 000.
Correct Answer:
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