Answer to Question #306451 in Microeconomics for Jai

Question

Which of the following is/are correct?

(X).Your spouse cleans your house every Thursday.

(Y).You sell your old economics book for $25.

(Z).Your economic textbook is revised and you buy a new edition.

A. All three events increase GDP.

B. Only (X) increases GDP

C.Only (Y) increases GDP

D. Only (Z) increases GDP

E. (X) and (Y) increase GDP, (Z) reduces GDP

Answer 1

The correct answer is D

D. Only (Z) increases GDP

Buying a new edition textbook of Economics after revision will increase Gross Domestic Product.