Which of the Following Events Will Increase GDP

question 219

Multiple Choice

Which of the following events will increase GDP?

• A) losing $500 playing blackjack in your dorm
• B) selling an antique writing desk for $500 cash
• C) a burglar stealing your CD player
• D) the police department hiring an extra detective to track down the burglar who stole your CD player

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Definitions:

Credit Policy

Guidelines that a company follows to determine credit terms for customers, including who is offered credit and on what terms.

Derived Demand

Demand for a good or service that results from the demand for another good or service.

Custom Cabinets

Tailor-made cabinetry designed to meet specific personal preferences, dimensions, and requirements.

Green Enterprises

Businesses that operate with a primary focus on sustainability, aiming to minimize environmental impact and embrace eco-friendly practices across their operations.