Refer to the scenario above. Suppose besides consuming all the potatoes grown on his farm, Edwin buys 5 pounds of potatoes at $0.80 per pound. What is likely to happen in this case?
A) GDP will increase by $4. B) GDP will remain unchanged.
C) GDP will decrease by $0.80. D) Trade surplus will increase by $4.
A
Economics
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a. True b. False
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