menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 10: Measuring a Nations Income: The Measurement of GDP
  5. Question
    A Painter Pays $500 for Paint He Uses to Repaint
Solved

A Painter Pays $500 for Paint He Uses to Repaint

Question 83

Question 83

Multiple Choice

A painter pays $500 for paint he uses to repaint a house.He then presents a bill for $1200 that covers his time and expenses to the homeowner.How much do these transactions add to GDP?


A) $500
B) $700
C) $1200
D) $1700

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q78: Which of the following items is included

Q80: Gross domestic product includes all<br>A)legal and illegal

Q81: A tire manufacturer produces 400 tires valued

Q82: Suppose there are only two firms in

Q84: The purchase of rice produced this period

Q85: Beth,an American citizen,travels to Italy on vacation

Q87: Al's Aluminum Company sells $1 million worth

Q88: Which of the following is not correct?<br>A)GNP

Q113: Most goods and services produced at home<br>A)and

Q187: Which of the following is included in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines