Answer the Questions Below

question 152

Essay

Answer the questions below:
(A) If a parent has to talse the afternoan aff fram wark to pick up his ar her chicren fram school and transport them to a frend's house, what happens to GDP?
(B) If the parent hires a nanny to pick the children upand transpart then to a friend's house, what will happen to GDP?
(C) Are yaur answers to (A) and (B) the same? Eoglain.

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Definitions:

Related Revenue

The income generated from activities that are directly related to the main business operations.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, to be recognized in the accounting period they are incurred.

Asset Account

An asset account is a category within a company's general ledger that shows the value of all owned assets that have economic value and can provide future benefits.

Incurred

Expenses or losses that have been realized or taken on, typically reflecting costs associated with the operation of a business.