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:

Trade Advertising

Advertising aimed at professionals within a specific industry rather than the general public, to promote goods and services within that industry.

Woodworking Industry

Sector focused on the process of making items from wood, encompassing cabinet making, carpentry, and woodturning.

Custom Woodworking Business

A business that specializes in creating custom wooden furniture, decorations, or structures tailored to individual client specifications.

Shelf Facings

The number of individual products placed beside each other on the shelf.