QUESTION 30 Which of the following isare correct 1 Your spou

QUESTION 30 Which of the following is/are correct? (1) Your spouse cooks your dinner everyday. (Il) You sell your old economics book for AED 150 (III) Your economics textbook is revised this year and you buy a new edition. A. Only (I) increases GDP B. All three events increase GDP C. (1) and (lI) increases GDP. (lI) reduces GDP D. Only (II) increases GDP EOnly (Ill) increases GDP

Solution

Ans

E is right. It increases gdp. Domestic services by wife are not included in gdp. 2nd hand sale is also not included in gdp