Question: State whether the following actions will increase, decrease, or not change GDP: a. An individual sells her house on her own. b. An individual sells

State whether the following actions will increase, decrease, or not change GDP: a. An individual sells her house on her own. b. An individual sells his house through a broker. c. Government increases Social Security payments. d. Stock prices rise by 20% e. An unemployed worker gets a job. f. A family buys a newly-constructed home. g. An individual purchases a pre-owned guitar on ebay. h. A homeowner mows his lawn. i. A homeowner pays a neighbor kid cash to mow his lawn. j. You hire a licensed cleaning service to clean your home. k. You get a haircut. I. Your father retires and begins collecting Social Security
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
