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Scenario: John and Sue are married and live in the United States. John is a Canadian citizen and ...

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Scenario: John and Sue are married and live in the United States. John is a Canadian citizen and ...

Scenario: John and Sue are married and live in the United States. John is a Canadian citizen and stays home with their two children, Micah and Madison; his caretaking is valued at $20,000 per child. He also programs video games from home in the evenings for a Japanese-based online poker site for $50,000 per year. Sue works as a high-powered lawyer for Berkshire Hathaway at their London branch for the U.S. dollar equivalent of $1,000,000 per year.

Refer to the above scenario. How much does John contribute to U.S. GDP?

▸ $50,000

▸ $0

▸ $90,000

▸ $20,000

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 43 times

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