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Do you think effect of decision on the measure of gdp

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Assignment:

Suppose that you have decided to work extra two hours to earn $50 and purchase some Turkish food, which costs you $40, instead of cooking for two hours.

1. Do you think GDP will increase due to this decision you have made? If so explain how much the GDP will increase and explain what approach you are using to measure the change in GDP.

2. Do you think the effect of your decision on the measure of GDP is reflected accurately? Explain.

3. Explain if it is possible that while nominal GDP increases, the real GDP to decreases in the same year.

Reference no: EM133294907

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