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Author Question: This month Jones bought 10 of fresh hops for making home-brewed lager. In principle, what happens to ... (Read 21 times)

olgavictoria

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on: Jun 29, 2018
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.


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tjayeee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


olgavictoria

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

skipfourms123

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Reply 3 on: Yesterday
Wow, this really help

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