Sophia Just Bought Shares of Stock in IBM for $20,000

question 52

Multiple Choice

Sophia just bought shares of stock in IBM for $20,000 and paid a $300 commission to her broker.How did this impact GDP?

• A) It had no impact on GDP.
• B) GDP increased by $300.
• C) GDP increased by $20,000.
• D) GDP increased by $19,700.
• E) GDP increased by $20,300.

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Definitions:

Methane

A greenhouse gas consisting of one carbon atom and four hydrogen atoms, CH4, contributing to global warming.

Methanol

A simple alcohol with the formula CH3OH, known for its use as a solvent, antifreeze, fuel, and as a precursor to other chemicals.

Carbon

A chemical element with symbol C and atomic number 6, essential to all known life and the basis for organic chemistry.

Hydrogens

A chemical element with the symbol H and atomic number 1, known as the lightest element in the periodic table.