Which of the following arenotincluded in GDP?

Group of answer choices

Services.

Purchase of silly things.

Religious or church-related items.

Purchases or sales of stocks on the stock market.

Joe has a small grocery store, and the courts granted him Chapter 11 bankruptcy this morning.He closed the doors and has no income at all right now. According to the Bureau of Labor Statistics, is he unemployed?

Group of answer choices

No. He was not employed to begin with. However, if he starts looking for work (verifiably), he will be unemployed.

No. He does not stand a chance.

Yes. Anybody can draw unemployment regardless of their circumstances if they are not working.

Since we are programmed to reward laziness, the chances are that he will not receive unemployment benefits because he already demonstrated by operating a store for a long time that he is not lazy enough to deserve benefits.

Demand for housing has greatly increased over the past few months.This causes demand-pull inflation in the housing market. Can the government do anything about this?

Group of answer choices

Yes. An increase in the interest rate would make it harder to get a mortgage, so fewer people would want to buy houses. This would be kind of "cruel", but it would work.

Yes, but they would never do it. The federal government would never get involved in "cooling down" the economy.

No. There is nothing the government can do to fix demand-pull inflation.

No. The government does not care what you pay for your house.