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Chapter 07 - GDP Questions Flashcards | StudBud
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Chapter 07 - GDP Questions
Chapter 07 - GDP Questions
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1
The federal government buys a new stealth bomber for $2 billion.
decrease GDP
no change in GDP
increase GDP
2
Jim sells cocaine on the black market and earns $30,000 per year.
no change in GDP
increase GDP
decrease GDP
3
You wash the dishes at home.
increase GDP
no change in GDP
decrease GDP
4
A burglar steals your stereo.
decrease GDP
increase GDP
no change in GDP
5
Gary receives a $1,000 social security check from the government.
increase GDP
decrease GDP
no change in GDP
6
Mary hires someone to clean her house.
decrease GDP
no change in GDP
increase GDP
7
Mary cleans her house.
decrease GDP
no change in GDP
increase GDP
8
You buy a new stereo to replace the one that was stolen.
increase GDP
decrease GDP
no change in GDP
9
You lose $500 playing poker in your dorm.
decrease GDP
increase GDP
no change in GDP
10
Rachel buys $5,000 worth of IBM stock from Steve.
no change in GDP
increase GDP
decrease GDP
11
You purchase a German clock on Etsy from a German company.
no change in GDP
increase GDP
decrease GDP
