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Question
Which one of the following is NOT included in GDP?
A) You pay a roofer $3,000 to repair your roof after it is damaged in a hailstorm.
B) You pay a roofer $3,000 to repair your roof after you discover leaks have appeared due to normal wear and tear.
C) You give up a weekend of leisure to repair your roof yourself.
D) You purchase $60 worth of first aid supplies at the local drugstore to treat the cuts and scrapes you suffered while crawling around on the roof.
Answer
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Related questions
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Refer to the above figure. At a price of $2 per gallon, there isA) a surplus of 20,000 gallons per month. B) a shortage of 40,000 gallons per month.C) a shortage of 80,000 gallons per month. D) a shortage of 60,000 gallons per month.
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Q:
Which of the following statements is FALSE?
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D) Rent controls are examples of price floors.
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