Multiple Choice
Amin wins a $1,500 scholarship from the company he interns at during the summer months. Amin decides to spend the scholarship money on an Apple MacBook for his schoolwork. How will GDP be affected by this scenario?
A) Consumption will increase by $1,500.
B) Investment will increase by $1,500.
C) GDP will not be affected because Amin acquired the computer with scholarship money.
D) GDP will decrease by $1,500 because an Apple MacBook is an import to the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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