Marianne and Laura Are Both Homemakers with Children

question 42

Multiple Choice

Marianne and Laura are both homemakers with children.When Laura starts to work as an unpaid volunteer at a hospital,she hires Marianne to care for her young child.In this context,the gross domestic product (GDP) will _____.

• A)increase
• B)decrease
• C)remain unaffected
• D)increase if Marianne cares for the child better than Laura
• E)increase if Laura treats patients with more sincerity than the other volunteers

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Definitions:

Producer Surplus

The discrepancy between what producers aim to get for their goods or services and the payment they truly obtain.

Hamburgers

They are a type of sandwich consisting of one or more cooked patties of ground meat, usually beef, placed inside a sliced bread roll or bun.

Producer Surplus II

Represents the difference between what producers are willing to accept for a good or service versus what they actually receive, indicating the benefit to producers.

Consumer Surplus

The difference in consumer's payment expectation versus their actual expenditure on a good or service.