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Sublight2097 Sublight2097
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8 years ago
A ten-year-old goes to a baseball convention this week and purchases a newly-autographed Barry Bonds baseball for $100. How would this affect GDP?
A) It wouldn't.
B) GDP would increase by $10—reflecting the market price of the ball itself.
C) GDP would increase by $90—reflecting the market price of Bonds' autograph.
D) GDP would increase by $100—reflecting the market price of the autographed ball.
E) GDP would have increased were the autographed ball purchased by somebody 16 years or older.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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