This topic contains a solution. Click here to go to the answer

Author Question: This month Jones bought 10 of fresh hops for making home-brewed lager. In principle, what happens to ... (Read 55 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
This month Jones bought 10 of fresh hops for making home-brewed lager. In principle, what happens to GDP?
 
  A) Nothing, because it involves the production of homemade beer.
  B) Nothing, because the hops are an intermediate good.
  C) GDP increases by 10.
  D) GDP increases by 10 as long as Jones is satisfied with the final product.

Question 2

Other things constant, if the population decreases and GDP remains unchanged,
 
  A) real GDP necessarily decreases.
  B) per capita GDP necessarily increases.
  C) per capita GDP necessarily decreases.
  D) real GDP necessarily increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

B




olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
:D TYSM


olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library