Suppose that Moby went from a stay-at-home father to a paid worker. He now earns $300 a week but pays $150 a week for daycare and $100 a week for a housekeeper. Moby is O A. better off by $550 and GDP increases by $150. O B. better off by $150 and GDP increases by $550. O C. better off by $50 and GDP increases by $600. O D. better off by $50 and GDP increases by $550.

Suppose that Moby went from a stay-at-home father to a paid worker. He now earns $300 a week but pays $150 a week for daycare and $100 a week for a housekeeper. Moby is O A. better off by $550 and GDP increases by $150. O B. better off by $150 and GDP increases by $550. O C. better off by $50 and GDP increases by $600. O D. better off by $50 and GDP increases by $550.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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