If You Mow the Lawn Yourself,the Lawn Mowing Is Considered

question 86

Multiple Choice

If you mow the lawn yourself,the lawn mowing is considered household production.If you pay Larry's Lawn Service to mow your lawn,the lawn mowing is considered

• A)a leisure time activity.
• B)a service,but it is not counted as part of GDP because it simply replaces a service you used to perform.
• C)a service that will be counted as part of GDP.
• D)rent and is therefore counted as part of GDP.
• E)underground production because it replaces the underground production of you mowing your lawn.

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the entity.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for.

Financing Activities

Transactions and business events that involve raising capital and repaying investors, including issuing equity and debt, dividend payments, and loan repayments.