Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking for two hours DoyouthinkGDPwillincreaseduetothisdecisionyouhavemade Ifsoexplainhow much the GDP will increase and explain what approach you are using to measure the change in GDP Do you think the effect of your decision on the measure of GDP is reflected accurately Explain Explain if it is possible that while nominal GDP increases, the real GDP to decreases in the same year

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Question: Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking

Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking for two hours.

DoyouthinkGDPwillincreaseduetothisdecisionyouhavemade?Ifsoexplainhow much the GDP will increase and explain what approach you are using to measure the change in GDP
Do you think the effect of your decision on the measure of GDP is reflected accurately? Explain.
Explain if it is possible that while nominal GDP increases, the real GDP to decreases in the same year.

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