Your parents surprise you with a $500 check. As a result, the U.S. GDP
A) increases because this is unexpected income to you.
B) decreases because you will spend it on useless goods.
C) remains unchanged because it was counted when your parents earned it.
D) decreases because you have to pay taxes on this income.
Correct Answer:
Verified
Q142: Gross domestic product is the
A) market value
Q143: Which of the following would NOT be
Q144: Which of the following transactions is included
Q145: Many economists argue that real GDP is
Q146: The Social Security check received by your
Q148: Which of the following transactions would NOT
Q149: Many economists argue that real GDP is
A)
Q150: Consider the following: Farmer Jones bought seed
Q151: National income accounting is
A) used by businesses
Q152: The value added method of calculating GDP
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