Multiple Choice
Scenario: Mike's housekeeper charges $30 for mowing his lawn.
-Refer to the scenario above.Suppose Edwin consumes the total output produced instead of selling part of it.What is likely to happen in this case?
A) GDP will increase.
B) GDP will decrease.
C) GDP will remain unchanged.
D) Trade surplus will increase by $200.
Correct Answer:
Verified
Correct Answer:
Verified
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