If Susan switches from going to Speedy Lube for an oil change to changing the oil in her car herself,then GDP
A) necessarily rises.
B) necessarily falls.
C) will be unaffected because the same service is produced in either case.
D) will be unaffected because car maintenance is not included in GDP.
Correct Answer:
Verified
Q20: GDP excludes most items that are produced
Q72: Which of the following is included in
Q109: Suppose there are only two firms in
Q110: Which of the following is not included
Q112: One bag of flour is sold for
Q115: Grapes are
A) always counted as an intermediate
Q116: Marijuana is an illegal good and broccoli
Q117: If a state made a previously-illegal activity,such
Q118: Suppose there are only two firms in
Q119: Estimates of the values of which of
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