Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Sublight2097 Sublight2097
wrote...
Go to Answer
Posts: 4132
Rep: 15 0
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:
Read 288 times
2 Replies
Replies
Answer verified by a subject expert
SydnieSydnie
wrote...
#1
Top Poster
Posts: 3807
Rep: 458 1
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sublight2097 Author
wrote...
#2
8 years ago
Another one in the books, marking it solved.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1307 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 67
  
 155
  
 145
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Who will win the 2024 president election?