Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by itself, has O reduced measured GDP. O not affected measured GDP. increased measured GDP by the value of the restaurant meals. increased measured GDP by the value added by the restaurant's preparation and serving of the meals.
Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by itself, has O reduced measured GDP. O not affected measured GDP. increased measured GDP by the value of the restaurant meals. increased measured GDP by the value added by the restaurant's preparation and serving of the meals.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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