Multiple Choice
A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by a Thai firm, a $1240 television made by a Korean firm in Korea, and $220 on groceries from a local store. As a result, U.S. GDP
A) increases by $40.
B) increases by $220.
C) increases by $280.
D) increases by $1500.
Correct Answer:

Verified
Correct Answer:
Verified
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