Which of the Following Is Likely to Increase Measured GDP

question 155

Multiple Choice

Which of the following is likely to increase measured GDP?

• A)A greater number of women decide to stay at home and provide day care for their children under age 5.
• B)Marijuana becomes legal to grow and sell.
• C)Tax rates increase and more people attempt to underreport their income for tax purposes.
• D)More people decide to do their own lawn maintenance and give up using a professional service.

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Definitions:

High-Value

Refers to products, services, or assets that possess significant worth or importance, often attracting premium prices.

Low-Value

Refers to products, services, or transactions that possess minimal worth in terms of price, importance, or usefulness to the buyer.

Second-Price Auction

A bidding process where the highest bidder wins but pays the second-highest bid price.

Vickrey Auction

A sealed-bid auction where the highest bidder wins but pays the second-highest bid price.