Multiple Choice
Sean used to volunteer to shovel his elderly neighbour's walk,but now his neighbour pays a company to do it.How does this change affect GDP?
A) It decreases GDP by more than the price of the service.
B) It increases GDP by less than the price of the service..
C) It decreases GDP by the price of the service.
D) It increases GDP by the price of the service.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: If a Canadian citizen buys a television
Q52: A hypothetical economy produces only two items:
Q53: What is NOT included in GDP?<br>A) unpaid
Q55: In 2014,what were Canadian net exports?<br>A) negative
Q57: Table 5-4<br>Use the following table to answer
Q59: Suppose an economy produces only cranberries and
Q60: If a province with legalized gambling made
Q61: How is disposable personal income best defined?<br>A)
Q81: If GDP rises, what happens?<br>A) Income and
Q167: In an economy consisting of only households