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Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking
Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking for two hours.
- DoyouthinkGDPwillincreaseduetothisdecisionyouhavemade?Ifsoexplainhow much the GDP will increase and explain what approach you are using to measure the change in GDP
- Do you think the effect of your decision on the measure of GDP is reflected accurately? Explain.
- Explain if it is possible that while nominal GDP increases, the real GDP to decreases in the same year.
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