Sophia Just Bought Shares of IBM Stock for $25,000 and Paid

question 138

Multiple Choice

Sophia just bought shares of IBM stock for $25,000 and paid a $350 commission to her broker.How did this impact GDP?

• A) GDP increased by $25,350
• B) GDP increased by $350
• C) GDP increased by $25,000
• D) GDP increased by $24,650
• E) it had no impact on GDP

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Definitions:

Buying Power

The capacity of an individual or organization to purchase goods or services, often influenced by income and economic conditions.

Personal Happiness

An individual's subjective state of well-being and satisfaction with life.

Negative Emotions

Emotions that are generally perceived as undesirable, such as sadness, anger, and fear, and are often a response to undesirable experiences or thoughts.

Adaptation-level Phenomenon

The psychological experience of judging new stimuli and events based on past experiences or a baseline level of past stimuli.