Which One of the Following Events Will Reduce GDP

question 96

Multiple Choice

Which one of the following events will reduce GDP?

• A) Mrs. Lee hires a housekeeper.
• B) You buy the ingredients to bake a loaf of bread, but you burn the bread and throw it away.
• C) You decide to work five more hours per week at your bookkeeper job, even though you need more time to study.
• D) An automobile manufacturer lays off 200 workers as the result of a fire in the paint shop.

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Definitions:

Polite Manners

Social behaviors that are considered respectful and considerate toward others, often prescribed by cultural norms.

Performance Appraisal

The systematic evaluation of employees' job performance and productivity to understand their abilities for future growth and development.

Productive

Capable of producing a large amount of work, goods, or yielding positive results efficiently.

Customers' Needs

A concept in marketing and business referring to the desires or requirements that consumers expect to be fulfilled by products or services.