Scenario: John and Sue Are Married and Live in the United

question 83

Multiple Choice

Scenario: John and Sue are married and live in the United States. John is a Canadian citizen and stays home with their two children, Micah and Madison; his caretaking is valued at $20,000 per child. He also programs video games from home in the evenings for a Japanese-based online poker site for $50,000 per year. Sue works as a high-powered lawyer for Berkshire Hathaway at their London branch for the U.S. dollar equivalent of $1,00,000 per year.
-Refer to the above scenario.How much does John contribute to U.S.GNP?

• A) $0
• B) $20,000
• C) $50,000
• D) $90,000

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Definitions:

Express Warranties

Explicit assurances provided by a seller to a buyer, detailing the quality, features, or specifications of the product being sold.

Brochure

A printed piece of marketing material that provides information about a product, service, or organization.

Sample

A specimen or part of something used to show the quality or nature of the whole.

Model

A representation, often simplified, used to describe or simulate a process, system, or concept to promote understanding or predict outcomes.