Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

People have begun making face masks in their homes to protect their families against Coronavirus. Additionally, they are making masks to give to people in

People have begun making face masks in their homes to protect their families against Coronavirus. Additionally, they are making masks to give to people in the medical field who do not have them. What impact will this production of masks have on GDP?

a.There will be no impact on GDP.

b.It will have a negative impact on GDP because people aren't buying masks from China.

c.It will have a positive impact on GDP because consumption is rising.

d.It will increase GDP because there is an increase in production.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The American Economy

Authors: Walter Greason, William Gorman

1st Edition

1524902675, 9781524902674

More Books

Students also viewed these Economics questions

Question

Outline the key parts of an IMC campaign plan. AppendixLO1

Answered: 1 week ago