Which of the following activities is most likely to be counted in GDP?
A. Gail buys paper and crayons to donate to poor children in need of school supplies.
B. Fran volunteers at the local veteran's hospital twice a month.
C. Stu gave $5 to a homeless man he met in the park.
D. Bud works hard five hours each week to make sure that his lawn always looks nice.
Answer: A
You might also like to view...
The best explanation of why the aggregate demand curve has a negative slope is that
A) at a higher price level households cut back on their spending on goods and services. B) at a higher price level business firms wish to produce more goods and services. C) a higher price level results in lower real balances and a higher real interest rate. D) a higher price level results in less government spending on transfers, such as unemployment insurance and social security payments.
The classical model is a model in which
a. governmental policies are needed to ensure full employment. b. wages and prices are perfectly flexible. c. the public has perfect information. d. None of the above e. b and c