Multiple Choice
Pat gives up a $40,000 per year job to stay at home and take care of the house. By so doing, Pat saves $15,000 in child care and house cleaning services which he now performs himself. The direct effect on GDP from Pat's decision is a decrease of
A) $25,000.
B) $30,000.
C) $40,000.
D) $15,000.
E) $55,000.
Correct Answer:
Verified
Correct Answer:
Verified
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