Which one of the following events will reduce GDP?
a. Mrs. Lee hires a housekeeper.
b. You buy the ingredients to bake a loaf of bread, but you burn the bread and throw it away.
c. You decide to work five more hours per week at your bookkeeper job, even though you need more time to study.
d. An automobile manufacturer lays off 200 workers as the result of a fire in the paint shop.
D
You might also like to view...
If a purchase contract allows a buyer to accept less than a specified maximum "take" each month, buying a _____ would allow the seller to resell the excess at a _____ price
a. put option; profitable b. put option; predictable c. call option; predictable d. call option; profitable
Savers may prefer to use financial intermediaries rather than lending directly to borrowers because financial intermediaries:
A. increase the risk of lending. B. offer higher rates of return than available elsewhere. C. have a monopoly on lending. D. reduce the cost of gathering information about borrowers.