Which of the following will cause GDP to increase? a) I hire my neighbor's teenage son to mow my lawn and he does NOT report it on his taxes as income. b) I clean my house myself. c) My neighbor feeds my dog while I am on vacation as a favor to me. d) None of the choice listed will increase GDP. e) I sell the used minivan I bought 10 years ago for half what I paid for it.
Which of the following will cause GDP to increase? a) I hire my neighbor's teenage son to mow my lawn and he does NOT report it on his taxes as income. b) I clean my house myself. c) My neighbor feeds my dog while I am on vacation as a favor to me. d) None of the choice listed will increase GDP. e) I sell the used minivan I bought 10 years ago for half what I paid for it.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 2SQ
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Which of the following will cause GDP to increase?
a) I hire my neighbor's teenage son to mow my lawn and he does NOT report it on his taxes as income.
b) I clean my house myself.c) My neighbor feeds my dog while I am on vacation as a favor to me.
d) None of the choice listed will increase GDP.
e) I sell the used minivan I bought 10 years ago for half what I paid for it.
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