Instead of Taking the Dirty Laundry with You When You

question 101

Multiple Choice

Instead of taking the dirty laundry with you when you go back to visit your parents,you use a Laundromat.Your use of the Laundromat means that

• A)GDP will decrease and the country's standard of living will fall.
• B)your parents' contribution to GDP will increase.
• C)GDP will remain the same.
• D)what you paid for use of the Laundromat will be included in GDP.
• E)real GDP does not change because the clothes are still being laundered but nominal GDP rises since you are now paying for the service.

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Definitions:

Government Outsourcing

The practice of government agencies contracting external organizations or companies to provide services or perform tasks that were previously done by public employees.

Human Services

Human services is a field focused on meeting human needs through an interdisciplinary knowledge base, focusing on prevention as well as remediation of problems, and maintaining a commitment to improving the overall quality of life of service populations.

Double Bottom Line

A business strategy that values both financial returns and positive social or environmental outcomes.

Financial Means

The monetary resources available to an individual or organization for use in achieving goals or sustaining operations.