Indicate how each of the following will affect this years GDP: a. You suffer $10,000 of damage

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Indicate how each of the following will affect this year’s GDP:

a. You suffer $10,000 of damage when you wreck your automobile. 

b. You win $10,000 in a state lottery. 

c. You spend $5,100 in January for 100 shares of stock ($5,000 for the stock and $100 for the sales commission) and sell the stock in August for $8,200 ($8,000 for the stock and $200 for the sales commission). 

d. You pay $500 for this month’s rental of your apartment. 

e. You are paid $300 for computer services provided to a client.

f. You receive $300 from your parents. 

g. You get a raise from $8 to $10 per hour and simultaneously decide to reduce your hours worked from 20 to 16 per week. 

h. You earn $4,000 working in Spain as an English instructor. 

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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