Multiple Choice
Mikey likes bagels, so he buys an old pizza shop for $150,000 and spends $10,000 installing new equipment which will allow him to make bagels instead of pizza. How will Mikey's recent purchases affect GDP?
A) Investment will increase $160,000.
B) Investment will increase $150,000, and consumption will increase $10,000.
C) Consumption will increase $150,000, and investment will increase $10,000.
D) Investment will increase $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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