Multiple Choice
A professional gambler moves from a state where gambling is illegal to a state where gambling is legal. Most of his income was, and continues to be, from gambling. His move
A) necessarily raises GDP.
B) necessarily decreases GDP.
C) doesn't change GDP because gambling is never included in GDP.
D) doesn't change GDP because in either case his income is included.
Correct Answer:

Verified
Correct Answer:
Verified
Q125: Which of the following statements about gross
Q126: Gross private domestic investment<br>A) excludes all investment
Q127: When economists speak of changes in GDP
Q128: A price index is designed to measure<br>A)
Q129: Over time, GDP may increase as the
Q131: If nominal GDP rises from one year
Q132: Because of transactions which take place in
Q133: GDP during a period can be calculated
Q134: If the base year for the GDP
Q135: The amount of U.S. exports purchased by