Suppose Smith Pays $100 to Jones

question 159

Multiple Choice

Suppose Smith pays $100 to Jones.

• A) We can say with certainty that the GDP has increased by $100.
• B) We can say with certainty that the GDP has increased, but we cannot determine the amount.
• C) We can say with certainty that the nominal GDP has increased, but we can't say whether real GDP has increased or decreased.
• D) We need more information to determine whether GDP has changed.

---

Definitions:

Anchors

Strategic assets or entities within a community or market that attract and retain other businesses or customers.

Entrepreneurial Process

A sequence of steps from the conception of a business idea through its launch and growth, involving opportunity recognition, resource gathering, and market entry.

Harvest Strategy

A planned approach to exiting a business or investment to achieve maximum possible returns, often used in venture capital or private equity.

Core Aspects

Fundamental elements or components that are essential to the nature or function of something.