You won the lottery in 2006 for $22 million and gave your sister $500,000. Your winning contributed how much to GDP?

External costs

A) are borne by the producers of a good or service. B) are borne by government. C) are borne by those who cannot afford to purchase the good. D) are borne by those who do not produce the good or service.

Risk pooling:

A. lowers the costs of catastrophes when they occur. B. reduces the chances of catastrophes happening. C. allows individuals the peace of mind that they will never have to pay the full expense of a catastrophe if it hits them. D. All of these statements are true.