Question #104161
Explain why each of the following statements is True, False, or Uncertain according to economic
principles. Use diagrams where appropriate. Unsupported answers will receive no marks.
the explanation is important.
A5-1. The transaction of a consumer who buys a “meal-kit” sent to their home adds less to GDP than a similar
consumer who goes out to a restaurant for the same meal.
principles. Use diagrams where appropriate. Unsupported answers will receive no marks.
the explanation is important.
A5-1. The transaction of a consumer who buys a “meal-kit” sent to their home adds less to GDP than a similar
consumer who goes out to a restaurant for the same meal.
Expert's answer
True (since the cost of the meal paid for by the restaurant customer includes the cost of preparing it, that is, it contains the GDP-added value)
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