Your parents surprise you with a $500 check. As a result, the U.S. GDP
A. remains unchanged because it was counted when your parents earned it.
B. increases because this is unexpected income to you.
C. decreases because you will spend it on useless goods.
D. decreases because you have to pay taxes on this income.
Answer: A
Economics
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Apply the concepts of menu costs and staggered price setting to the labor market
What will be an ideal response?
Economics
The collapse of one bank might lead easily to the failure of several others, because ________
A) depositors cannot trust each other to keep their money in the bank B) deposit insurance renders all banks equally fragile C) no bank can survive when its competitors cease to operate D) government regulators will step in to punish any bank suspected of poor management
Economics