If Mr. Keating quits his job as a teacher to homeschool his own children, GDP a. stays

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If Mr. Keating quits his job as a teacher to homeschool his own children, GDP

a. stays the same because he is engaged in the same activity.

b. rises because he now pays lower income taxes.

c. falls because his market income decreases.

d. could rise or fall, depending on the value of homeschooling.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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If Mr. Keating quits his job as a teacher to homeschool his own children, GDP a. stays

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