Multiple Choice
Martin purchases 500 shares of stock in ABC Company at a price of $10 per share. He pays his stockbroker a commission of $50 for helping with the transaction. How much does GDP change as a result of Martin's commission payment?
A) There is no change in GDP.
B) GDP rises by $5,000.
C) GDP rises by $5,050.
D) GDP rises by $50.
Correct Answer:
Verified
Correct Answer:
Verified
Q218: Karl's Keychain Company produces keychains that sell
Q219: Which of these are two things people
Q220: Which statement is TRUE about the National
Q221: A(n) _ in the business cycle usually
Q222: Gross private domestic investment, which consists of
Q224: Business cycles<br>A) are always the same duration.<br>B)
Q225: During a typical economic recovery<br>A) inflation declines.<br>B)
Q226: The national income and product accounts have
Q227: Which of these will NOT be included
Q228: In the national income and product accounts,