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.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
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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.
Transcribed Image Text: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.
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