Which of the Following Actions Would Be Unlikely to Increase

question 53

Multiple Choice

Which of the following actions would be unlikely to increase GDP?  

• A) Tom's alarm clock breaks, so he buys a new one. 
• B) Tom buys a second alarm clock because he routinely sleeps through the alarm of his current clock. 
• C) Tom oversleeps in the morning because his alarm clock is broken, causing him to buy a cup of coffee on the way to work because he has no time to make his own at home. 
• D) Tom's alarm clock breaks, which leads to him being unemployed because he gets fired from his job for being late to work so often.

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Definitions:

Repossession Proceedings

The legal process by which a lender takes back property when the borrower defaults on payments.

Insolvent

A financial state in which an individual or organization cannot meet its debt obligations due to lack of funds.

Chapter 7 Bankruptcy

A form of bankruptcy that involves the liquidation of a debtor's non-exempt assets to pay off creditors and discharge debts.

Filing Of A Petition

The formal process of submitting a document to a court or authoritative body requesting a specific legal action or decision.