Essay
You buy new water skis and other new equipment for $2,500 and take a week off of your job,where you earn $1,000 a week,to go water skiing.The equipment you purchased was all produced in the United States.You think that the week was worth $4,000.As a result of your vacation,GDP changes by how much?
Correct Answer:

Verified
GDP changes by only ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q75: Recently,the government made adjustments to how GDP
Q76: Which of the following is directly accounted
Q77: The business cycle is defined as<br>A)changes in
Q78: A business cycle has two turning points,which
Q79: The Human Development Index was proposed because<br>A)people
Q82: Assume that a small country produces only
Q83: Total expenditure equals total income<br>A)because firms pay
Q84: Depreciation is<br>A)fall in the value of an
Q85: Suppose that business firms spend $500 million
Q88: Use the idea of the circular flow