Which of the Following Events Will Leave GDP Unchanged

question 150

Multiple Choice

Which of the following events will leave GDP unchanged?

• A) You purchase 100 shares of Wal-Mart stock.
• B) You pay $500 to repair the damage done to your car by an uninsured motorist.
• C) You decide to work five more hours per week at your job to pay for the repairs performed on your car.
• D) You purchase a new car at an auction.

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Definitions:

Psychology

The scientific study of mind and behavior, including the study of consciousness, perception, emotion, motivation, brain functioning, and personality.

Sociohistorical Context

The background of social and historical influences on a person's behavior, attitudes, and opportunities.

Experience

The process of gaining knowledge or skill from doing, seeing, or feeling things, often interpreted through a personal lens.

Empirical

Pertaining to knowledge or information gained by observation, experience, or experiments rather than through theory or pure logic.