Which of the Following Events Will Increase GDP

question 219

Multiple Choice

Which of the following events will increase GDP?

• A) losing $500 playing blackjack in your dorm
• B) selling an antique writing desk for $500 cash
• C) a burglar stealing your CD player
• D) the police department hiring an extra detective to track down the burglar who stole your CD player

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Definitions:

Direct Suit

A direct suit is a legal action initiated directly by one party against another for the purpose of resolving a dispute or seeking damages.

Revised Act

An updated or amended version of a statute that reflects changes in the law or its interpretation.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Board of Directors

A group of elected or appointed members who jointly oversee the activities of a company or organization, making strategic decisions and providing governance.