Ace Has Always Been a Top Student,so It Was No

question 82

Multiple Choice

Ace has always been a top student,so it was no surprise he won a $1,500 scholarship from the company where he worked summers to help with college expenses.Ace decides to spend his scholarship money on a new Apple Macbook before heading off to college in the fall.How will GDP be affected by Ace's recent purchases?

• A)Consumption will go up by $1,500,because a computer is a durable good.
• B)Investment will go up by $1,500,because a computer is a durable good.
• C)GDP will not be affected,since Ace acquired the computer with scholarship money.
• D)Consumption will go up by $1,500,because a computer is a nondurable good.

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Definitions:

Financialization

The increasing importance of financial markets, financial motives, financial institutions, and financial elites in the operation of the economy and its governing institutions.

Short Term Profits

Financial gains realized in a brief period, often prioritized over long-term sustainability.

Employee Empowerment Unionism

A form of unionism that emphasizes giving workers greater control and a voice in their workplace and working conditions.

Institutionally Secure Unions

Labor organizations that are firmly established and protected, often through legislation or long-standing collective bargaining agreements, ensuring their continued presence and influence.