Solved

As Households Eat Out More, Purchase More Prepared Foods at the Grocery

Question 93

Multiple Choice

As households eat out more, purchase more prepared foods at the grocery store, hire out child care services that they once performed themselves, what is likely to happen to the value of GDP?


A) The value of GDP is likely to decrease.
B) The value of GDP is likely to increase.
C) GDP will not be affected because there is no net increase in the output of goods and services.
D) GDP will not be affected because there is no net increase in the output of goods and services but GDI will increase.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions