Which of the Following Events Will Reduce GDP

question 152

Multiple Choice

Which of the following events will reduce GDP?

• A) A hurricane destroys your house.
• B) You lose $500 playing poker.
• C) You pay $500 to repair the damage done to your house by a hurricane.
• D) You work 15 hours less this month so that you can repair the damage done to your home by a hurricane.

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Definitions:

Demonstrations

organized activities by a group of people to show their protest, or support for, or against a cause.

Validity

The property of an argument in which the truth of the premises logically guarantees the truth of the conclusion.

Hypothetical Syllogism (HS)

A logical argument consisting of two conditional statements and a conclusion that is logically inferred from them.

Modus Ponens (MP)

A logical rule stating that if a conditional statement ("if p then q") is accepted, and the antecedent (p) is also accepted, then the consequent (q) must be accepted.