Which of the following actions would increase the consumption spending component of the gross domestic product (GDP)?
a. Ann cooking dinner for Tim instead of going out
b. Ann and Tim buying a used microwave oven
c. Ann and Tim buying vegetables to prepare soup at home
d. Tim buying Ann a dress
e. Tim and Ann painting the garage themselves
d
Economics
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Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can
A) increase the level of poverty. B) lower life expectancy. C) increase infant mortality. D) increase standards of living.
Economics
An effective price floor will:
A. force some firms in this industry to go out of business. B. result in a product surplus. C. result in a product shortage. D. clear the market.
Economics