This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Regretta Sigh becomes the lucky winner of a 10,000,000 state lottery jackpot after ... (Read 74 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
Suppose Regretta Sigh becomes the lucky winner of a 10,000,000 state lottery jackpot after purchasing a single 1.00 lottery ticket. How does her lucky expenditure affect current GDP?
 
  A) GDP rises by 1.00.
  B) GDP rises by 9,999,999.
  C) GDP rises by 10,000,000.
  D) GDP rises by 10,000,001.
  E) GDP rises by the present value of the total cash prize.

Question 2

Suppose a pickpocket steals your 20 bill and spends all of it on pizza and beer. What happens to GDP?
 
  A) GDP increases by twenty dollars.
  B) GDP decreases by twenty dollars.
  C) Because the positive balances out the negative, GDP remains unchanged.
  D) GDP decreases because somebody has clearly been made worse off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
:D TYSM

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

The liver in this photograph was from a deceased patient with an advanced state of cirrhosis. The liver in this photograph was from a deceased patient with an advanced state of cirrhosis.
Some ion pairs that stabilize the T state of deoxyhemoglobin Some ion pairs that stabilize the T state of deoxyhemoglobin
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Abortion Rates by State, 2008 Abortion Rates by State, 2008
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
State the equations State the equations
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library