A professional gambler moves from a state where gambling is illegal to a state where gambling is legal. Most of his income was, and continues to be, from gambling. His move
a. necessarily raises GDP.
b. necessarily decreases GDP.
c. doesn't change GDP because gambling is never included in GDP.
d. doesn't change GDP because in either case his income is included.
A
You might also like to view...
Lower transaction costs are a benefit of fixed exchange rates. Therefore, relative prices in two trading nations linked by fixed exchange rates should:
A) experience more price divergence. B) experience more price convergence. C) have less arbitrage and more speculation. D) have lower costs of production.
Which of the following was not one of the reasons that a Big Push might be necessary?
a. finding foreign markets for export b. indivisibility of investments c. long gestation period of investments d. lack of local entrepreneurs e. none of the above were reasons for a Big Push