A woman marries her butler. Before they were married, she paid him $60,000 per year. He continues to wait on her as before (but as a husband rather than as a wage earner) . She earns $1,000,000 per year both before and after her marriage. If GDP were changed so that it truly measured the sum of all final economic activity, the marriage would:
A) decrease GDP.
B) increase GDP.
C) leave GDP unchanged.
D) first decrease and then increase GDP.
Correct Answer:
Verified
Q86: The labor-force participation rate is the percentage
Q87: An estimate of the number of unemployed
Q88: The number of households interviewed in the
Q89: The GDP deflator is a:
A) Laspeyres price
Q90: An estimate of total employment in the
Q92: The panel of economists appointed by the
Q93: If an increasing proportion of the adult
Q94: A woman marries her butler. Before they
Q95: The labor force equals the:
A) adult population.
B)
Q96: The employment statistics computed from the establishment
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