Suppose that he marries her the following year. other, Ask an Expert

Economics

Suppose that a doctor who lives alone hires the services of a maid and pays her $15,000 a year to clean his house. Suppose that he marries her the following year. Other things equal, which of the following would be true about the reported official GDP the following year?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M946581

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question you could write on any one of the following topics

Question: You could write on any one of the following topics or more than one topics. Please be reminded that while research could help for this essay, however, the most important thing is original idea. 1. Money is said ...

Question 1 mainstream american culture is largely based on

Question: 1. Mainstream American culture is largely based on the traditions of another culture. Which culture? Why? What are some elements of our culture that provide evidence of this influence? 2. Describe the role of e ...

Question - jamie corporation had the following information

Question - Jamie Corporation had the following information: $250,000 Cost of goods sold: Direct materials $50,000 Direct labor 37,500 62.500 150.000 Gross profit $100.000 Selling and administrative expenses Operating inc ...

Question submit a brief reflective essay minimum of 750

Question: Submit a brief, reflective essay (minimum of 750 words) with the following three sections: 1. Write your personal thoughts about the main concepts of the Cheung-Judge (2012) article, and identify personal trait ...

Question in principle the benefits of international trade

Question: In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a cou ...

Question the utility function that jane receives by

Question: The utility function that Jane receives by consuming food and clothing is given by U= F*C. 1) In a diagram, draw the indifference curves associated with utility levels of 12 and 24 (measure clothing along the h ...

Question the us unemployment rate rose from 58 in 1979

Question: The US unemployment rate rose from 5.8% in 1979, which was full employment then, to a peak of 10.7% in late 1982. It then returned to a full employment rate of 5.3% in 1989. (A) Based on Okun's Law, what do you ...

Question average return the past five monthly returns for k

Question: Average Return The past five monthly returns for K and Company are 5.75 percent, 5.63 percent, -.55 percent, 4.75 percent, and 8.75 percent. What is the average monthly return? The response must be typed, singl ...

Question the market demand for stuffed rabbits is q 2600 -

Question: The market demand for stuffed rabbits is Q = 2,600 - 20P, and the government intends to place a $4 per bunny tax on stuffed rabbit purchases (tax collected from sellers). Calculate the tax incidence and deadwei ...

Question an equipment costs 12000 and can be sold at the

Question: An equipment costs $12,000 and can be sold at the end of 5 years for $300. What is the depreciation for year 3 if the sum of years' digits depreciation method was used? The response must be typed, single spaced ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert