Which of the Following Would Increase GDP

question 34

Multiple Choice

Which of the following would increase GDP?

• A)More people walk to work rather than drive cars.
• B)Consumers in rural areas switch from buying home heating oil to burning wood they collect on their own land.
• C)Farm families grow more for themselves than for the market.
• D)Neither the price nor the quantity of television sets changes,but the quality of sets improves.
• E)The amount spent on vacuum cleaners does not change,but quality decreases so much that more is spent on their repair.

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Definitions:

Government Uninvolved

A situation where the government chooses not to intervene or participate in certain aspects of public or economic life.

Union Density

Is the number of union members in a given location as a percentage of non-agricultural workers. It measures the organizational power of unions.

Great Britain

A geographical term that refers to the island located off the northwestern coast of Europe, comprising England, Scotland, and Wales.

Sweden

A country in Northern Europe known for its high standard of living, robust welfare state, and commitment to gender equality and environmental sustainability.