Multiple Choice
Scenario: Jane sewed a prom dress, which she could have bought for $180 from a store.
-Refer to the scenario above.Which of the following will happen if she sells it for $200 and the total cost incurred by her in making the dress was $150?
A) GDP will increase by $180.
B) GDP will increase by $50.
C) GDP will remain unchanged.
D) Trade surplus will increase by $200.
Correct Answer:
Verified
Correct Answer:
Verified
Q208: The following table contains prices and quantities
Q209: A factory in Techland could not sell
Q210: Part of a bridge built by the
Q211: The table below contains data for the
Q212: John is a U.S.citizen who bought a
Q214: Scenario: John and Sue are married and
Q215: A shoe retailer does not give a
Q216: The table below shows the values of
Q217: The circular flow diagram implies that if
Q218: What is the relationship between the GDP