If a State Made a Previously-Illegal Activity,such as Gambling or Prostitution,legal,then,other

question 48

Multiple Choice

If a state made a previously-illegal activity,such as gambling or prostitution,legal,then,other things equal,GDP

• A)decreases.
• B)increases.
• C)doesn't change because both legal and illegal production are included in GDP.
• D)doesn't change because these activities are never included in GDP.

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Definitions:

Goods and Resources

Tangible products that satisfy human wants and the natural, human, and manufactured inputs used to produce goods and services.

Market System

An economic model where the decision-making process regarding investments, production activities, and the distribution of goods adheres to the supply and demand dynamic, with goods and services' pricing governed by a free market mechanism.

Employees

Individuals who work for another person or company in exchange for financial or other compensation.

Suppliers

Entities or individuals that provide goods or services to another entity, typically within a supply chain context.