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Which of the following would increase GDP the most dollar by itself?
a. a limousine is sold for $80,000
b. a limousine is rented out for 1,000 hours at $80 per hour
c. the city of New York spends $100,000 to clean up after the mets' world series ticker-tape parade.
d. New York Mets spend $95,000 to publicize the ticker-tape parade
1 Answer
- 1 decade agoFavorite Answer
C) The City of New York spends $100,000 to clean up after the mets' world series ticker-tape parade, because according to mainstream economics, "Government Spending" is considered to be a constituent of Gross Domestic Product.